Ruihe Decoration: Application for reorganization and pre-reorganization by creditors
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Ruihe Decoration announced that, due to creditors applying for reorganization and pre-reorganization, the Shenzhen Intermediate People's Court will hear this application. Creditors believe that the company is unable to repay its due debts but has reorganization value. If the court accepts the application, a delisting risk warning will be implemented on the company's stock, and if the reorganization fails, it will face the risk of termination of listing. The company stated that if the reorganization is successful, it will improve the asset-liability structure and promote sustainable development
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