Halo Microelectronics Co., Ltd.SSE: 688173

(688173)"HALO MICROELECTRONICS CO., LTD."Announcement on Progress of the Risk Matter of the Controlled Subsidiary

· Issued by Halo Microelectronics Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 688173 · · 2 pages · Chinese

Summary by 6ix AI

Halo Microelectronics Co., Ltd. has announced progress regarding risk matters related to its controlled subsidiary, Zinitix Co., Ltd. The announcement details the basic situation of the risk, the current progress, and potential impacts on the company. Zinitix has been designated as a management stock due to its market value falling below a specified threshold, and its delisting process has been temporarily halted by a court ruling. The company warns that if Zinitix fails to meet market value requirements, it may face delisting, which could adversely affect the company's financial position.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

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