On January 4, Sichuan Languang Development Co.Ltd(600466) replied to the inquiry letter of Shanghai Stock Exchange: Based on the evaluation report and the consensus reached by all parties, the consideration for Chongqing yueningshan Enterprise Management Co., Ltd. to acquire 100% equity of Chongqing YANGJIU Trading Co., Ltd. held by the company is 1 yuan. The subject matter of this transaction involves three real estate projects (Chongqing future city 104 Mu project, Chongqing Furong residence and Tianjin station project). As the project involved in this transaction is faced with financial debt default, project payment arrears and other reasons, such as suspension of construction and abnormal construction, and it is difficult to ensure project delivery, this transaction is conducted under the background of safeguarding the interests of all parties involved in real estate development, realizing the original intention of real estate development and ensuring delivery, and the transaction adopts debt undertaking acquisition, While selling assets, it can also reduce the company’s liabilities by 9.191 billion yuan, which is conducive to solving the company’s current debt problem.
(interface News)
