Shanzi Gaoke (000981.SZ) announced that as of June 30, 2024, its subsidiary Belgium Banchi...
According to the announcement from Zhitong Finance APP, Shanzi Gaoke (000981.SZ) stated that, as of June 30, 2024, its subsidiary Punch Powertrain N.V. (hereinafter referred to as "PPS") has a syndicated loan totaling 0.247 billion euros (including interest). Recently, the company has reached an agreement with a European syndicate to restructure the above-mentioned syndicated loan by paying 0.032 billion euros.
The successful completion of the syndicated debt restructuring for PPS by Shanzi Gaoke will further activate the company's Assets, reduce liabilities and financial costs, and enhance the profitability of the subsidiary.