The controlling shareholder of Geo-Jade Petroleum Corporation (600759.SH) has received a court decision not to accept the bankruptcy liquidation application.
ST Intercontinental (600759.SH) announced that on June 1, 2026, the company received a civil ruling from the Intermediate People's Court of Liuzhou City, Guangxi Zhuang Autonomous Region, (2026) Gui 02 Po Shen 8, which ruled that the Liuzhou Intermediate Court did not accept Zhang Youjin's bankruptcy liquidation application against Guangxi Zhenghe Industrial Group Co., Ltd. (hereinafter referred to as "Guangxi Zhenghe").
Geo-Jade Petroleum Corporation (600759.SH) announced that on June 1, 2026, the company received a civil ruling from the Intermediate People's Court of Liuzhou City, Guangxi Zhuang Autonomous Region, issued by its controlling shareholder Guangxi Zhenghe Industrial Group Co., Ltd. ("Guangxi Zhenghe"). The ruling stated that Liuzhou Intermediate Court has decided not to accept Zhang Youjin's bankruptcy liquidation application against Guangxi Zhenghe.
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