China Resources and Transportation Group Limited said that about RMB6.88 billion of secured and unsecured debts at its subsidiary Zhunxing will be converted into a 49% equity stake through debt capitalisation, with the creditor list, conversion amounts and post-conversion shareholding structure now definitively determined and legally binding. The company added that around RMB0.69 billion of secured debt has already been converted into equity, while the remaining conversions are pending the signing of agreements with relevant parties. The update was issued today, 27 February 2026.

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