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.
For further insights into SG:BCD stock, check out TipRanks’ Stock Analysis page.