
ST Tianyu's controlling shareholder applies for bankruptcy liquidation

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ST Tianyu's controlling shareholder, Wuhan Tongyu Investment Partnership, has applied to the Wuhan Intermediate People's Court for bankruptcy liquidation due to its financial difficulties, which have resulted in insufficient assets to repay maturing debts. The Wuhan Intermediate People's Court is currently reviewing the application, and it is uncertain whether it will enter bankruptcy liquidation proceedings. If it does, it may affect the equity structure and control of the listed company
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