Royole Facing Involuntary Bankruptcy as Court Accepts Petitions

Chinese flexible-screen maker Shenzhen Royole Technologies Co. Ltd. (深圳市柔宇科技股份有限公司) is facing possible involuntary bankruptcy more than three years after it scrapped a plan for an IPO on Shanghai’s Nasdaq-like STAR Market.

The Shenzhen Intermediate People’s Court has accepted the bankruptcy petitions involving Royole and two of its subsidiaries filed by Zhang Ming, Guo Xiaotao and Wang Jinzhou, respectively, according to disclosures published Friday on the National Enterprise Bankruptcy Information Disclosure Platform, a website under the Supreme People’s Court.