Fortunately, Changfeng Communication has begun to clean up its complicated guarantee relationship. Today, Changfeng Communication also announced that the company had signed the agreement with Taiji Group and Zhuojing Investment Holding Co., Ltd. on July 26th, 2005. Because Taiji Group provided guarantee for Changfeng Communication Bank's loan of 65.438+0.5 billion yuan, most of the above loans were overdue. Before the signing of the agreement, Taiji Group had compensated Changfeng Communication for 6.5438+0.3 million yuan, but the loan principal of 43.3453 million yuan owed by Changfeng Communication to Chengdu Yingmenkou Sub-branch of China Merchants Bank was not returned. Therefore, Taiji Group will fulfill its guarantee responsibility and compensate Changfeng Communication for 43.3453 million yuan. Changfeng Communication should return at least150,000 yuan to Taiji Group before 65438+February 3, 2005, and strive to return 30 million yuan. The company shall return the rest to Taiji Group before June 30, 2006. The above agreement will reduce the pressure on Changfeng Communication to repay bank debts in a short time.
Bin Hao said that Changfeng Communication did have many problems, such as accounts receivable, external guarantee, triangular debt, etc., but after the reorganization, the company expects to solve these problems within 6 months to 65,438+0 years. The agreement signed with Taiji Group is the first step. At present, Stellar Media and Stellar Digital have strong cash flows, which will be injected into listed companies in the future, which will greatly help the company restructuring.