July 18 -- Textile company Hubei Maiya (000971) said its parent, effective controller, and related parties have no plans to conduct asset restructuring or equity transfer concerning it over the next three months, reports China Securities Journal, citing a company filing.

Maiya’s board gave a commitment that it is not planning any backdoor listing, major asset restructuring, or share offering over the next three months.

Maiya filed on July 9 that it is forecasting losses for the first half due to increases in material and labor costs, marketing and sales promotion activities, and on spending on real estate development.

Shares of the company had risen for six straight trading sessions since July 8 to close at 6.63 yuan on July 15, up 10 percent cumulatively from its closing price on July 7.