Brief: Henan Jinma Energy Says People's Court Accepts Winding-Up Petition Against Xinyang Jingang
03/07/2026 16:17
BRIEF-Henan Jinma Energy Says People's Court Accepts Winding-Up Petition Against Xinyang Jingang July 3 (Reuters) - Henan Jinma Energy Co Ltd 6885.HK:
PEOPLE'S COURT ACCEPTS WINDING-UP PETITION AGAINST XINYANG JINGANG ON JUNE 29, 2026
COMPANY TO LOSE CONTROL OVER XINYANG JINGANG; MANAGEMENT TAKEN OVER BY ADMINISTRATORS
EXPECTED CREDIT LOSS VALUATION FOR RMB1896 MILLION DEBTS; IMPACT TO BE ANNOUNCED BY END AUGUST 2026
PETITION ACCEPTANCE TRIGGERS CROSS DEFAULT IN GROUP LOAN AGREEMENTS OF AT LEAST RMB1206 MILLION
LENDING BANKS FOR RMB1377 MILLION LOANS CONFIRM NO IMMEDIATE PAYMENT DEMAND
Further company coverage: 6885.HK
((Reuters.Briefs@thomsonreuters.com;))
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