Zoneco Group (SHE:002069) plans to transfer 59.7 million yuan in receivables to affiliate Dalian Zhangzidao Marine Development Group from subsidiary Zhangzidao Fishery Group Hong Kong.
The deal, part of the aquaculture company's restructuring to refocus on core operations, involves debts owed by Australian clients Aqua Star and Aquabest, according to a June 28 filing with the Shenzhen bourse.
Shares of Zoneco Group were down 1% in recent trade.
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