JTL received court approval to allow the company to borrow during the pre-restructuring period
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According to the Zhitong Finance APP, JTL announced that on June 10, 2025, the company received a "Approval" [(2025) Su 06 Po Shen 22] delivered by the Intermediate People's Court of Nantong City, Jiangsu Province ("Nantong Intermediate Court"), permitting the company to borrow a total of no more than 200 million yuan during the pre-restructuring period, with the borrowed funds specifically used to cover necessary expenses for maintaining production and operations
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