Cinda Assets, the company, Thai Investment and related parties signed the Debt Restructuring Contract, and part of the debts of Cinda Assets Acquisition Company and the company's shareholding companies totaled 893 million yuan, which was borne by Thai Investment and reorganized with Cinda Assets. This debt restructuring will help listed companies to restore liquidity and effectively alleviate the company's current debt problems.
Yuetai announced that Cinda Assets, Guangzhou Yuetai Group, Guangzhou Thai Investment and related parties signed the Debt Restructuring Contract on April 14, 2020. According to the announcement, part of the debts of Cinda Asset Acquisition Company and its shareholding companies totaled 892 million yuan, which was borne by Thai Investment and reorganized with Cinda Assets.