Zhongji Health announced that the interim administrator has applied to the Sixth Division Intermediate Court to extend the pre-reorganisation period for the company and its subsidiary Red Tomato by three months to 28 October 2026. The reasons for the application include the need for supplementary evidence for some creditor claims, ongoing audit and valuation work, a pre-reorganisation plan still under formulation, and the requirement to complete relevant approval procedures for the reorganisation. On 27 July, the company and Red Tomato received a notice from the Sixth Division Intermediate Court confirming the extension decision.
Xinjiang Chalkis Co LtdExtension of pre-reorganisation period indicates ongoing financial distress and legal restructuring.
Pre-reorganisation period extended, indicating ongoing financial distress and delayed restructuring