BANGJIE's subsidiary Yangzhou BANGJIE has been filed for bankruptcy reorganization
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BANGJIE's controlling subsidiary, Yangzhou BANGJIE New Energy Technology Co., Ltd., has applied to the court for bankruptcy reorganization due to its inability to repay due debts. The creditor, Industrial Bank, has submitted a pre-reorganization application, and the court has accepted the case for review. The company will cooperate with the court to study the feasibility of reorganization. If the court decides to accept the case, it will actively collaborate with all parties to resolve the debt issues and protect the rights of shareholders
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