On December 31, Sichuan Languang Development Co.Ltd(600466) issued an announcement that some debts of the company and its subsidiaries were not repaid on schedule. According to the announcement, recently, the company and its subsidiaries added 1.858 billion yuan of principal and interest of debts that failed to be repaid due (including 322.5 million yuan of principal and interest of corporate bonds that the company failed to repay on December 13, 2021).
As of December 31, 2021, Sichuan Languang Development Co.Ltd(600466) the total amount of principal and interest of the debt due and outstanding totaled 27.739 billion yuan (including bank loans, trust loans, debt financing instruments and other debt forms). At present, the company is actively coordinating solutions with the above financial institutions.
Another announcement also showed that due to the periodic liquidity tension and debt risk of the company, some financial institutions and cooperation direction Sichuan Languang Development Co.Ltd(600466) filed a lawsuit or arbitration, and the total amount involved in this new lawsuit was 1.885 billion yuan.
Sichuan Languang Development Co.Ltd(600466) said in the announcement that at present, it is actively communicating and negotiating with relevant parties to ensure the continuous operation of Sichuan Languang Development Co.Ltd(600466) . In view of the progress of the above litigation, it is impossible to estimate the final impact of the above litigation on Sichuan Languang Development Co.Ltd(600466) . However, if the court subsequently takes relevant asset disposal and other measures for the projects involved in the case, it will have a significant adverse impact on Sichuan Languang Development Co.Ltd(600466) continuous operation.
(Beijing business daily)
