ST Meike: Two subsidiaries have been judged to accept bankruptcy liquidation and appoint managers.

date
18/06/2026
ST Meike announced that on June 17, 2026, the People's Court of Binhai New Area in Tianjin accepted the bankruptcy liquidation application of the company's wholly-owned subsidiaries Tianjin Meike and Tianjin Processing, and appointed relevant administrators. As of December 31, 2025, the total assets of Tianjin Meike amounted to 1.285 billion yuan, total liabilities amounted to 0.723 billion yuan, and owner's equity amounted to 0.561 billion yuan; the total assets of Tianjin Processing amounted to 0.427 billion yuan, total liabilities amounted to 0.115 billion yuan, and owner's equity amounted to 0.313 billion yuan. Both subsidiaries had already ceased production and operation, with their business taken over by other locations. It is expected that the liquidation will not have a significant adverse impact on the company's daily production and operation.