Shandong Fengxiang Co. Ltd. Receives Additional Liquidation Assets Amid GMK Finance Bankruptcy Proceedings

Reuters

05/14

Shandong Fengxiang Co. Ltd. Receives Additional Liquidation Assets Amid GMK Finance Bankruptcy Proceedings

Shandong Fengxiang Co. Ltd., a joint stock company incorporated in China, has provided an update on the bankruptcy liquidation process of GMK Finance. The company has received further undistributed liquidation assets from the initial distribution, including cash amounting to RMB202,068.66 and Trust Units under two separate trusts, with corresponding values of RMB355,701.81 and RMB70,649.28, respectively. The company is in discussions with its auditors regarding the accounting treatment of these assets and cautions shareholders and potential investors to exercise caution when dealing with its securities due to the uncertainty of the liquidity and market value of the Trust Units. The Board will announce any material updates as appropriate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Fengxiang Co. Ltd. published the original content used to generate this news brief on May 14, 2025, and is solely responsible for the information contained therein.

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The company is in discussions with its auditors regarding the accounting treatment of these assets and cautions shareholders and potential investors to exercise caution when dealing with its securities due to the uncertainty of the liquidity and market value of the Trust Units. The Board will announce any material updates as appropriate.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Fengxiang Co. 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Ltd. Receives Additional Liquidation Assets Amid GMK Finance Bankruptcy Proceedings\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-14 21:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Shandong Fengxiang Co. Ltd. Receives Additional Liquidation Assets Amid GMK Finance Bankruptcy Proceedings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Shandong Fengxiang Co. Ltd., a joint stock company incorporated in China, has provided an update on the bankruptcy liquidation process of GMK Finance. The company has received further undistributed liquidation assets from the initial distribution, including cash amounting to RMB202,068.66 and Trust Units under two separate trusts, with corresponding values of RMB355,701.81 and RMB70,649.28, respectively. The company is in discussions with its auditors regarding the accounting treatment of these assets and cautions shareholders and potential investors to exercise caution when dealing with its securities due to the uncertainty of the liquidity and market value of the Trust Units. The Board will announce any material updates as appropriate.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Fengxiang Co. Ltd. published the original content used to generate this news brief on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09977","symbol_name":"鳳祥股份","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250514:nNDLbYF1KT:1","article_id":"2535002417","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535002417","pubTimestamp":1747227764,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Shandong Fengxiang Co. 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The company is in discussions with its auditors regarding the accounting treatment of these assets and cautions shareholders and potential investors to exercise caution when dealing with its securities due to the uncertainty of the liquidity and market value of the Trust Units. The Board will announce any material updates as appropriate.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Fengxiang Co. 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