ST Rendong: The "Payment Business License" is in the suspended renewal review stage
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ST Rendong announced that the renewal of the "Payment Business License" for its holding subsidiary, Guangzhou Helibao Payment Technology Co., Ltd., is currently in a suspended review stage. Helibao's license is valid until July 9, 2024, transitioning to July 9, 2025. Due to Rendong Holdings entering the reorganization process, the People's Bank of China has decided to suspend the renewal review for Helibao, but all of Helibao's business operations continue to proceed normally
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