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ST Xulan: Unable to complete the rectification of fund occupation within the prescribed time limit, the stock will be suspended from tomorrow.
On January 5th, Jinshi Data reported that ST Xulan announced that the amount of non-operating funds occupied by the company was 7.527 billion yuan, which has not been repaid, and no clear repayment plan has been proposed. According to the regulations of the Shenzhen Stock Exchange, if the company fails to recover all non-operating occupied funds within six months, the Shenzhen Stock Exchange will suspend the trading of the company's stock. At present, the deadline for rectification has expired on January 5, 2025, and the company is expected to have difficulty in completing all rectification before the deadline. Therefore, the company's stock has been suspended by the Shenzhen Stock Exchange from the opening of the market on January 6, 2025, and the suspension period will not exceed two months.