Several subsidiaries of Conch Cement received "rectification orders"

2025-04-08 10:25:08

On April 7, Xuancheng Emergency Response Bureau issued the Information Form of Law Enforcement Situation and Law Enforcement Decision of Xuancheng Emergency Response Bureau (March 2025). Nine units received administrative law enforcement notices, including several Conch Cement subsidiaries: Anhui Xuancheng Conch Cement Co., Ltd. received the rectification review opinions and ordered the rectification date to be April 8; The Mine Branch of Ningguo Cement Plant of Anhui Conch Cement Co., Ltd. received the rectification review opinion and was ordered to rectify on April 8; Ningguo Cement Plant of Anhui Conch Cement Co., Ltd. was ordered to rectify within a time limit and was ordered to rectify on April 8; Anhui Xuancheng Conch Cement Co., Ltd. was ordered to rectify within a time limit

On April 7, the Xuancheng Emergency Response Bureau issued the Information Form on Law Enforcement and Law Enforcement Decisions of the Xuancheng Emergency Response Bureau (March 2025), and nine units received administrative law enforcement notices. Several Conch Cement subsidiaries: Anhui Xuancheng Conch Cement Co., Ltd. received the rectification review opinion and ordered to rectify on April 8; Ningguo Cement Plant Mine Branch of Anhui Conch Cement Co., Ltd. received the rectification review opinion and ordered to rectify on April 8; Ningguo Cement Plant of Anhui Conch Cement Co., Ltd. was ordered to rectify within a time limit on April 8; Anhui Xuancheng Conch Cement Co., Ltd. was ordered to rectify within a time limit on April 14.

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Correlation

Several subsidiaries of Conch Cement received "rectification orders"

2025-04-08 10:25:08

CEMPI

95.77

+0.86 +0.91%

CONCPI

86.56

-0.04 -0.05%

CLKPI

98.07

+0.15 +0.15%

SPPI

41.04

+0.11 +0.27%

MORPI

71.83

0.00 0.00%

Yatai Group's subsidiaries added 359 million yuan in overdue debts.

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.