People's financial technology (0279), who had been suspended for a long time and was in financial trouble, was acquired by "White Warrior" Zheng Zhigang and was successfully reorganized.
The company has changed its name to Yucheng Kejin, and it has soared in the early stage of the resumption of trading today. It is now reported to be 0.24 yuan, up 1.66 times, and the turnover is 14,100 yuan.
According to the public notice, in accordance with the order issued by the Hong Kong High Court on October 4, the company withdrew the winding-up petition and dismissed the provisional liquidator today (November 1), and fulfilled all the conditions for resumption of trading on the same day.
People's Fintech added that the reorganization will be completed after trading resumes, and the subscriptions, the first loan conversion, the allotment reduction and the issuance of planned shares announced earlier were completed on October 29.
At the same time, the company's management has "changed blood", among which Zheng Zhigang, executive vice chairman and chief executive officer of New World (0017), has been appointed as the company's non-executive director and chairman since October 29.
He invested in Yucheng Kejin as a private investor.
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