Brief: Guangdong Tianan New Material Agrees Debt Restructuring With Property Firms

Logan

13/11/2023 08:01

Nov 13 (Reuters) - Guangdong Tianan New Material Co Ltd
 603725.SS :
    * SAYS IT, AS CREDITOR, PLANS DEBT RESTRUCTURING WITH
PROPERTY
FIRMS INCLUDING LOGAN GROUP TO FEND OFF PROPERTY RISKS
    * SAYS PROPERTY FIRMS PLAN TO REPAY 80.8 MILLION YUAN
($11.08
million) OWED TO CO THROUGH COMMERCIAL PROPERTY PROJECTS

    Source text
  
Further company coverage:  603725.SS 

($1 = 7.2950 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((Ella.Cao@thomsonreuters.com;))