Central China Real Estate Ltd. Settles RMB1.52 Billion in Disputed Loans and Extends RMB2.47 Billion Borrowings Amid Ongoing Restructuring Efforts

Reuters
2025/06/30
Central China Real Estate Ltd. Settles RMB1.52 Billion in Disputed Loans and Extends RMB2.47 Billion Borrowings Amid Ongoing Restructuring Efforts

Central China Real Estate Ltd. has provided an update on its ongoing efforts to address financial challenges, including the settlement of outstanding litigations and management of its debt obligations. As of December 31, 2024, the company has settled approximately RMB1.52 billion, or 53%, of its disputed loans with financial institutions. In addition, the company has been negotiating with lenders to renew or extend borrowings, successfully securing extensions for approximately RMB2.47 billion of its debts. These actions are part of a broader strategy to resolve the auditors' disclaimer of opinion concerning the company's financial viability. The company remains actively engaged in seeking further financial resolutions to ensure its continued operations.

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. Central China Real Estate Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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