zhuhai port co.,ltd. (000507.SZ): Subsidiary plans to conduct debt restructuring through judicial procedures.

Gelonghui Finance · Oct 10 04:04

On October 10, Zhuhai Port Co., Ltd. (000507.SZ) announced that Dongdian Maolin Wind Energy Development Co., Ltd. (referred to as 'Dongdian Maolin') is a wholly-owned subsidiary of Zhuhai Economic Special Zone Electrical Utilities Development Group Co., Ltd. holding 83.38% of the shares of Zhuhai Port Sheng New Energy Co., Ltd. (referred to as 'Zhuhai Port Sheng'). According to the relevant provisions of the Supreme People's Court on the auction and sale of property in civil execution such as Article 16 and Article 19, after the judicial auction is unsuccessful, the applicant for execution or other execution creditors can apply to the court for debt-for-equity swap. In view of the fact that Shenyang Zhongke Tiandao has no other property available for execution, and other creditors applying for the freeze of the above-mentioned equity, to ensure that Dongdian Maolin does not suffer losses, after the application, the Shenyang Intermediate People's Court ruled that Shenyang Zhongke Tiandao's 9.487867% equity held by Zhongke Tiandao would be set against the execution amount payable to Dongdian Maolin as of August 22, 2024, which is 50,143,459.14 yuan (including the amount specified in the ruling, interest on debts for delayed performance, audit assessment fees incurred during enforcement, and case execution fees). Dongdian Maolin now intends to accept the above ruling and process the relevant equity transfer procedures. After the transfer, Zhongke Tiandao will become a joint venture of Dongdian Maolin.

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珠海港(000507.SZ)：子公司拟通过司法程序进行债权重组

zhuhai port co.,ltd. (000507.SZ): Subsidiary plans to conduct debt restructuring through judicial procedures.

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