CRTG Continues Debt Restructuring Efforts with RMB 6.88 Billion Set for Debt Capitalisation and New Financing Talks in Progress

Reuters
05-30
CRTG Continues Debt Restructuring Efforts with RMB 6.88 Billion Set for Debt Capitalisation and New Financing Talks in Progress

China Resources and Transportation Group Limited $(CRTG)$ has provided an update on its efforts to resolve a disclaimer of opinion expressed by its auditors concerning the company's going concern. The company is actively working on Zhunxing's debt restructuring, with total debts confirmed at approximately RMB 13.58 billion. A restructuring proposal is in place based on creditor preferences, with unsecured debts set to be settled in cash within two years following court approval. Approximately RMB 39.06 million remains unpaid but is expected to be fully repaid by 26 September 2025. CRTG continues its business operations in expressway, CNG gas stations, and agricultural sectors as usual. Further announcements will be made in accordance with the relevant listing rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CRTG - China Resources and Transportation Group Limited published the original content used to generate this news brief on May 30, 2025, and is solely responsible for the information contained therein.

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