MEILI CLOUD shareholder China Metallurgical Paper Industry has been applied for bankruptcy reorganization
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MEILI CLOUD announced that its shareholder China Metallurgical Paper Group Co., Ltd. has been applied for bankruptcy reorganization by creditors. China Metallurgical Paper holds 11.38% of MEILI CLOUD's shares, totaling 79.131 million shares, all of which have been judicially frozen, with 50% of the shares pledged. The bankruptcy reorganization application was submitted to the Zhongwei Intermediate People's Court on June 11, 2025
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