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*ST Velvet ((000982): The Implementation Of The Reorganization Plan Has Significantly Improved The Company'S Financial Position.

2019/12/30 11:03:00 0

*ST VelvetCashmere IndustryTextile StocksThe Latest Announcement

*ST Zhong Rong (000982) announcement, on the same day, the company received the civil ruling issued by the Yinchuan intermediate people's court ruling the implementation of the reorganization plan, and confirmed that the Limited by Share Ltd reorganization plan of the Bank of Ningxia industry was completed. The implementation of the reorganization plan has significantly improved the company's financial position, and the company's revenue from restructuring will be included in the relevant financial data for 2019. After preliminary calculation, the reorganization of the company will have a significant positive impact on the net assets at the end of 2019, and the net assets of the company will be negative at the end of 2019.

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