1 1 overdue debt company reply

*ST Chaori promised in the deferred payment announcement that it is still trying its best to raise the deferred part of the current interest through its own and external resources, strive to determine the time when the funds will arrive as soon as possible, bear the interest payable and default interest corresponding to the deferred part, and actively cooperate with the bond trustee to dispose of the collateral of the current bond. The chairman of the company told the media that the company was planning to reorganize before, and the other party had promised to support the payment of interest, but unfortunately it failed to make it.

The bond trustee is under a lot of pressure from CITIC Construction Investment. CITIC Jiantou announced today that it will hold the first bondholders' meeting of "1 1 Chaori Debt" in 20 14 on the afternoon of March 26th, in order to obtain the authorization for further rights protection, including filing a civil lawsuit against Chaori Sun for overdue interest payment and disposing of "1/Chaori" according to law.

Looking back at the data, we can see that "Chaori Debt 1 1" was originally an unsecured credit debt. On June 20 13, at the request of CITIC Construction Investment, a guarantee was added and corresponding guarantee measures were taken. Collateral includes three parts. One is Jiucheng Guo Yong (2010) No.65438 held by Chaori Jiujiang. Second, some machinery and equipment of Chaori Sun, Chaori Jiujiang and Chaori Luoyang; Third, some accounts receivable of Chaori Sun and Chaori International Trade, with a total amount of about 900 million yuan.

It should be reminded that there is great uncertainty about whether these collateral can be truly realized. For example, the most secure land and real estate in the collateral has buildings on the ground, and the projects under construction have been sealed up by the court. Some market participants have analyzed that it may be more realistic to expect company restructuring under the background that company executives have not given up. Of course, with the emergence of debt default, the time left for the company is running out.

On the same day, the company announced that Pengyuan Credit placed the company's long-term credit rating CCC and credit rating CCC 1 1 on the credit rating watch list due to the company's loss in 20 165438, the owner's equity attributable to shareholders of listed companies at the end of the year was-209 million yuan, and the overdue debt interest was not paid on schedule.