Tianrui Cement: Winding-up Petition Against Controlling Shareholder Yu Kuo Rejected

2025-11-27 13:39:26

On November 26, Tianrui Cement announced that it had been informed by its controlling shareholder, Yu Kuo, that the High Court of Hong Kong had made an order rejecting the liquidation petition against Yu Kuo.

On November 26, Tianrui Cement announced that it had been informed by its controlling shareholder, Yu Kuo, that the High Court of Hong Kong had made an order rejecting the liquidation petition against Yu Kuo.

Earlier, on September 9, Tianrui Cement announced that it had been informed by controlling shareholder Yu Kuo that Zhongwei Securities had been allowed to replace the petitioner in the liquidation proceedings against Yu Kuo. At that time, China Tianrui Cement said that Yu Kuo still maintained communication with Zhongwei Securities and would continue to explore friendly solutions with it.

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On November 26, Tianrui Cement announced that it had been informed by its controlling shareholder, Yu Kuo, that the High Court of Hong Kong had made an order rejecting the liquidation petition against Yu Kuo.

2025-11-27 13:39:26

In order to implement the spirit of the sixth meeting of the Central Committee on Finance and Economics and the relevant requirements of the Announcement on Governing Price Disorderly Competition and Maintaining Good Market Price Order (Announcement No.4, 2025 of the General Administration of Market Supervision of the National Development and Reform Commission), on November 24, the National Development and Reform Commission held a meeting with relevant departments and relevant trade associations. To study and formulate standards for determining the cost of price disorder competition and other related work.