Gate.io News on November 21, Nacang shares announced that the company has been greatly affected by multiple factors such as long-term arrears of accounts receivable for PPP projects and BT projects invested by the company, intensified market competition, etc., resulting in extremely tight funds flow. As a result, the company and individual subsidiaries were unable to repay the principal of bank PPP project loans or floating loans on November 20th, leading to overdue payments and interest arrears. The total amount of overdue PPP project loans is 161 million yuan; the balance of floating loans is 668 million yuan, and the amount of interest arrears is 2.724 million yuan. The company will continue to take multiple measures to actively increase the collection of accounts receivable. The company is actively communicating with banks, financial institutions, and other relevant parties to gradually resolve the problem of debt overdue through loan extensions, adjusting repayment plans, and other methods.
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Nachuan Group: La compañía incumple el pago de Interés y los préstamos bancarios de las subsidiarias están atrasados
Gate.io News on November 21, Nacang shares announced that the company has been greatly affected by multiple factors such as long-term arrears of accounts receivable for PPP projects and BT projects invested by the company, intensified market competition, etc., resulting in extremely tight funds flow. As a result, the company and individual subsidiaries were unable to repay the principal of bank PPP project loans or floating loans on November 20th, leading to overdue payments and interest arrears. The total amount of overdue PPP project loans is 161 million yuan; the balance of floating loans is 668 million yuan, and the amount of interest arrears is 2.724 million yuan. The company will continue to take multiple measures to actively increase the collection of accounts receivable. The company is actively communicating with banks, financial institutions, and other relevant parties to gradually resolve the problem of debt overdue through loan extensions, adjusting repayment plans, and other methods.