Oct 26, 2023 08:35 PM

FINANCE

Shareholder in Zhongzhi-Linked Trust Firm Delists Amid Deepening Liquidity Crisis

By Wang Juanjuan and Zhang Yukun

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Jingwei Textile Machinery was delisted from the Shenzhen Stock Exchange on Thursday

Jingwei Textile Machinery was delisted from the Shenzhen Stock Exchange on Thursday

A shareholder of a trust firm linked to Zhongzhi Enterprise Group Co. Ltd. has been removed from the Shenzhen stock market at its own request, as a deepening liquidity crisis at firms associated with the embattled financial conglomerate leaves investors waiting for their overdue repayments empty-handed.

Jingwei Textile Machinery Co. Ltd. (000666.SZ) was delisted from the Shenzhen Stock Exchange on Thursday, some 40 days after applying to be removed, exchange filings show.

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