Shanghai Industrial Development Co.Ltd(600748) announcement: according to the preliminary self-examination of the company, as of December 31, 2021, the unaudited receivables of the holding subsidiary shangshilongchuang totaled about RMB 2.615 billion, of which some businesses may involve financing trade, and the receivables involved in such businesses may have unrecoverable risks. The company is stepping up further verification on the specific amount involved.
(source: Shanghai Securities News · China Securities Network)
