ST Xintong: Stocks continue to be subject to other risk warnings due to violations of guarantee regulations.
ST Xin Tong announced that due to unresolved violations of guarantees, the stock will continue to be subject to other risk warnings starting from July 9, 2025. As of the disclosure date of the 2024 annual report, the remaining principal amount of the guarantees involved in violations is 606 million yuan. Currently, some cases have been executed, with a total of 368 million yuan in assets executed by the company, the controlling shareholder has already cashed in 29 million yuan, and used the equity of Nanjing Lanpu Cheng as collateral worth 2.2 billion yuan, with 1.18 billion yuan still outstanding. An indirect controlling shareholder has made related compensation commitments. The company's production and operation are normal, and progress will be disclosed monthly.
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