China Vanadium Titano-Magnetite Mining Co., Ltd. (HK:0893) has released an update.
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China Vanadium Titano-Magnetite Mining Co. faces financial challenges as its former subsidiary, Huili Caitong, is unable to repay a RMB141 million debt to China Cinda Asset Management. The company is engaging in negotiations for debt restructuring to avoid potential litigation, while fulfilling its guarantee obligations. Meanwhile, it seeks assurances from related parties to cover potential liabilities and ensure financial stability.
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