2019,65438+Haidian district people's court of Beijing filed a lawsuit against Qingdao Zhongtian contract dispute on129. On May 29th, 2020, the Haidian District People's Court of Beijing made a civil judgment (20 19) Jing 0 108 Early Republic of China 16744, ordering the defendant.
The court formally accepted Qingdao Zhongtian's application for reorganization, but there is still the risk of being declared bankrupt because of the failure of reorganization. If Qingdao Zhongtian is declared bankrupt, it will be liquidated, the scope of consolidation of financial statements of listed companies will change, and the core assets will be lost, which will have a significant adverse impact on the corporate governance structure and sustainable operation.