Yanchang Petroleum Subsidiary Declared Bankrupt; Proceedings Terminated by Court

Reuters
07-03
<a href="https://laohu8.com/S/YCGPF">Yanchang Petroleum</a> Subsidiary Declared Bankrupt; Proceedings Terminated by Court

Yanchang Petroleum International Limited has announced updates regarding its non-wholly owned PRC subsidiary, Yanchang Petroleum (Zhejiang FTZ) Limited. The Court has officially declared the subsidiary bankrupt and appointed Guangdong Oriental Kunlun Law Firm as the administrator. The reorganisation proceedings were terminated as per the Court's ruling on June 27, 2025. Subsequently, the bankruptcy proceedings were also concluded on June 30, 2025. Despite the subsidiary's bankruptcy, Yanchang Petroleum International Limited has clarified that this event will not significantly impact the Group's current operations, performance, or financial position, as the subsidiary had already been deconsolidated from the Group's financial statements by the end of 2023.

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. Yanchang Petroleum International Limited published the original content used to generate this news brief on July 03, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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