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Jinlongyu Group (SZSE:002882) Is Reinvesting At Lower Rates Of Return
Jinlongyu Group to Undertake Debt Restructuring to Recover Nearly 30 Million Yuan; Shares Down 4%
Jinlongyu Group (002882.SZ): Some accounts receivable are planned for debt restructuring.
On January 2, Gelonghui reported that Jinlongyu Group (002882.SZ) announced that in order to reduce the uncertainty and risk of business receivables, and to accelerate the collection of certain receivables, Jinlongyu Group Co., Ltd. has planned to implement debt restructuring with Huayuan Element Procurement (Shenzhen) Co., Ltd., Guangzhou Times Supply Chain Management Co., Ltd., Shenzhen Chuangji Real Estate Co., Ltd., and Shenzhen Gaoze Investment Holdings Co., Ltd. (collectively referred to as "the debt restructuring parties") by using properties to offset debts. The debt restructuring parties and their affiliates will compensate the debts owed to the company with their completed commercial housing (including residences, apartments, shops, parking spaces, etc.).
The Five-year Decline in Earnings for Jinlongyu Group SZSE:002882) Isn't Encouraging, but Shareholders Are Still up 83% Over That Period
What Jinlongyu Group Co., Ltd.'s (SZSE:002882) 31% Share Price Gain Is Not Telling You
Insiders Were the Key Beneficiaries as Jinlongyu Group Co., Ltd.'s (SZSE:002882) Market Cap Rises to CN¥7.8b
Jinlongyu Group (SZSE:002882) Might Be Having Difficulty Using Its Capital Effectively
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