Bankruptcy or Restructuring 破产重整
The badges are our classification; the headline is the filing's own title.
标签为本站分类，标题为公告原文。
What This Means 这类披露的含义
These notes describe the category of disclosure in general.
以下说明针对这一类披露的一般情况。
Bankruptcy, reorganisation or liquidation proceedings have been applied for, accepted or planned.
破产、重整或清算已进入申请、受理或筹划阶段。
In a reorganisation, equity ranks behind creditors, so existing holders are typically diluted heavily or wiped out. The outcome turns on the plan the court approves.
重整中股东权益排在债权人之后，现有股东通常会被大幅稀释，甚至权益清零。最终结果取决于法院批准的重整计划。
The company is a party to a material lawsuit, arbitration or enforcement action.
公司涉及重大诉讼、仲裁或执行案件。
Litigation creates contingent liabilities and legal costs, and a defendant can face damages or enforcement against its assets. Judge it by the amount at stake relative to the company.
诉讼会带来或有负债和法律费用，作为被告还可能须承担赔偿或资产被强制执行。判断影响要看涉案金额相对公司规模的大小。