China Yurun Food Continues Talks With Bank Over RMB318 Million Overdue Debt
Reuters
Yesterday
China Yurun Food Continues Talks With Bank Over RMB318 Million Overdue Debt
China Yurun Food Group Limited announced ongoing negotiations with a bank regarding overdue borrowings totaling approximately RMB318 million. The company is seeking solutions including installment repayment and the waiving of penalties and interest. No resolution has been reached to date, but the board stated it will continue efforts to resolve these outstanding debts as part of its plan to address the auditor's disclaimer of opinion related to going concern uncertainties. Further updates will be provided as appropriate.
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