Huazhang Technology Secures Role as Key Investor in Debtor Company's Bankruptcy Restructuring
Reuters
Jul 28
Huazhang Technology Secures Role as Key Investor in Debtor Company's Bankruptcy Restructuring
Huazhang Technology Holding Limited has announced its participation in the bankruptcy restructuring proceedings of a debtor company. On July 28, 2025, Zhejiang Huazhang, a wholly-owned subsidiary of Huazhang Technology, was selected as the restructuring investor and entered into a Restructuring Agreement with the debtor company and the Administrator. This move follows Zhejiang Huazhang's submission of the HZ Restructuring Proposal, which was approved by the Administrator. The proposed Restructuring Plan outlines the application of investment funds amounting to RMB95,693,842.33 for restructuring the debtor's debts and implementing operational turnaround strategies. The plan is pending approval from the Longyang Court. Shareholders and potential investors are advised to exercise caution in dealing with the company's securities.
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