Dingfeng Group Auto enforced equity mortgages to reduce risk...
Dingfeng Group Auto enforced equity mortgages to reduce risk, and increased financial pressure on buyers was adversely affected by the global economic environment. There are problems with the ability to repay outstanding payments and interest. The new agreement facilitates the repurchase of the company's shares and avoids further losses.
A subsidiary of Dingfeng Group Auto (06878) intends to enforce share mortgages to offset outstanding payables from Han Ran
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
Read more
Comment
Sign in to post a comment