Orient Group (SHA:600811) said it, along with its subsidiaries, has 17.37 billion yuan in overdue bank loans, with total unpaid debt reaching 46.02 billion yuan, according to a Wednesday filing with the Shanghai Bourse.
The company has also defaulted on guarantees for subsidiary loans. Currently, under pre-restructuring, Orient Group warns of potential litigation risks. Additionally, the company is under investigation by the China Securities Regulatory Commission, facing a risk of delisting.
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