*ST Intercontinental (600759.SH) issued an announcement. On November 21, 2023, the Haikou Intermediate Court ruled to approve...
According to the Zhitong Finance App, *ST Intercontinental (600759.SH) issued an announcement. On November 21, 2023, the Haikou Intermediate Court ruled to approve the “Intercontinental Oil and Gas Co., Ltd. Reorganization Plan” and decide to terminate the intercontinental oil and gas restructuring process. According to the agreements and arrangements of the “Reorganization Plan of Intercontinental Oil and Gas Co., Ltd.”, “Reorganization Investment Agreement” and “Report on the Execution of Duties of the Intercontinental Oil and Gas Co., Ltd.”, the Haikou Intermediate Court ruled to approve the “Intercontinental Oil and Gas Co., Ltd. Reorganization Plan”. Within 6 months from the date of approval of the “Intercontinental Oil and Gas Co., Ltd. Reorganization Plan”, the manager will launch a public auction procedure for non-main business-related assets on the Alibaba auction platform in accordance with the law.