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Shenzhou Holdings: Priority can be given to recover arrears from the sale of real estate projects

2021-01-25T01:34:29.906Z


China Holdings (0861) issued an announcement stating that just like the 2020 interim report published on September 16 last year, it actively promotes the sale plan and specific action plans to recover the remaining outstanding principal amount as much as possible. The amount involved is


Financial News

Written by: Zhang Weilun

2021-01-25 09:23

Last update date: 2021-01-25 09:23

Shenzhou Holdings (0861) issued an announcement stating that just like the 2020 interim report published on September 16 last year, it actively promoted the sale plan and specific action plans to recover the remaining outstanding principal amount as much as possible. The amount involved was 1.939 billion yuan (1.632 billion yuan). Yuan Renminbi).

The company pointed out that the real estate and residential projects involved in the priority sale of related assets (the amount involved principal and interest was about 229 million yuan (193 million yuan)); it also pointed out that the asset restructuring process for the real estate project has been roughly completed.

Partly due to the outbreak of the new crown pneumonia, the progress will take longer than the original schedule.

According to the cash repayment plan, the company will have priority to recover the amount owed to the company from the sales proceeds.

As for the remaining final related assets of wealth management products, 1.71 billion yuan (1.439 billion yuan), which involves investments in markets and commercial integrated properties in core urban areas.

The property is managed by a professional asset management agency, and certain supporting facilities in the property are being upgraded, aiming to increase the valuation of the subsequent sale. The company is also actively negotiating the sale with interested parties to advance the realization plan.

If there is any major progress, another announcement will be issued in due course.

The company disclosed in its 2017 annual report that wealth management products totaling 2.6 billion yuan have expired but have not been repaid according to the agreed timetable.

On June 28, 2018, the company and the issuer reached a wealth management product settlement arrangement. According to the solution, on July 6 of the same year, it received a repayment of approximately 651 million yuan from the wealth management product issuer as part of the wealth management product. principal.

Listed company financial products

Source: hk1

All news articles on 2021-01-25

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