MCC Meili Cloud Computing Industry Investment Shareholder Faces Bankruptcy Reorganization

MT Newswires Live

2025/06/12

MCC Meili Cloud Computing Industry Investment (SHE:000815) said shareholder Zhongye Paper Group is facing a bankruptcy reorganization sought by a creditor at the Zhongwei Intermediate People's Court.

Zhongye Paper Group holds 11.4% of the cloud computing company, with all its shares frozen and half pledged, according to a Thursday filing with the Shenzhen Stock Exchange

MCC Meili Cloud Computing Industry Investment said its production and operations remain unaffected.

Shares of the company were down 2% Thursday.

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