然而，截至本公告日期，相关款项尚未被偿付。而且该等协议的若干交易对手方对相关款项已到期并应支付一事提出了异议。China Transmission (00658) announced that its wholly-owned subsidiary, Nanjing High-Precision Transmission Equipment Manufacturing Group Co., Ltd. ...
Zhongtong Finance APP News, China Transmission (00658) announced that its wholly-owned subsidiary Nanjing High-Precision Transmission Equipment Manufacturing Group Co., Ltd. (Nanjing Transmission), Nanjing Handa Import and Export Trading Co., Ltd. (Nanjing Handa), and Nanjing Shengzhuang Supply Chain Co., Ltd. (Nanjing Shengzhuang, together with Nanjing Transmission and Nanjing Handa collectively referred to as relevant subsidiaries) are engaged in trade business, and have entered into several commodity purchase and sale agreements around 2023.
As of October 31, 2024, the total amount of receivables and prepayments due under these agreements by the relevant subsidiaries is approximately RMB 6.64 billion. In early November 2024 or around that time, the company instructed its legal advisors to take action to recover the relevant amounts.
However, as of the date of this announcement, the relevant amounts have not been repaid. Moreover, several transaction counterparties under these agreements have raised objections to the expired receivables and the obligation to pay.
The company and its board of directors attach great importance to this matter, and have taken urgent actions to seek recovery of the relevant amounts, especially seeking legal advice on the disputed amounts.
The company notes that these agreements were entered into without the approval of the board of directors and has established a Board of Directors Independent Committee to conduct further investigations into the background of these agreements.
