ST Baoli (603959.SH) controlling shareholder applied for bankruptcy liquidation.

Zhito Financial News App news, ST Baili (603959.SH) issued an announcement. The company's controlling shareholder, Tibet Xin Hai Xin Chuangye Investment Co., Ltd. (hereinafter referred to as "Xin Hai Xin" or the "respondent"), recently received a notice from the People's Court of Duilong Deqing District, Lhasa City, Tibet Autonomous Region. Xingtai Tianlu Real Estate Development Co., Ltd. Economic Development Zone Branch (hereinafter referred to as the "applicant") has applied for bankruptcy liquidation of Xin Hai Xin on the grounds that Xin Hai Xin is unable to settle its due debts and clearly lacks the ability to settle them.