China Yuanbang Property Holdings Ltd. (SG:BCD) has released an update.
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China Yuanbang Property Holdings Ltd. has been requested by a lender to repay an outstanding loan of RMB182 million plus interest, backed by pledged assets and personal guarantees. The company is negotiating a revised repayment schedule and has voluntarily suspended trading of its shares in the meantime. Management assures that the enforcement of pledged assets will not significantly impact operations.
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