New Huang Pu Industrial to Transfer Subsidiary's Debt for 15 Million Yuan

MT Newswires Live2025-01-30

Shanghai New Huang Pu Industrial (SHA:600638) plans to transfer the debt of subsidiary Fujian Minzhong Organic Food for 15 million yuan, according to a Shanghai Stock Exchange

Minzhong Organic Food's creditors' rights will be transferred under the name of the Chinese creative park and science park developer's controlling subsidiary, Shanghai Xinhuangpu Investment Management.

Minzhong Organic Food has an unpaid debt of 248 million yuan as of July 2024, but is unable to settle the amount.

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