Gold Cup Electric Apparatus announced that its holding subsidiaries, Gold Cup Electric Apparatus Hengyang Cable Co., Ltd. and Gold Cup Electric Apparatus (Chengdu) Co., Ltd., have reached an agreement with Greenland Holdings Corporation and its affiliates on the restructuring of some accounts receivable debts. The restructuring party will use a total value of 49.2802 million yuan (including tax) of completed properties to offset a total of 24.6401 million yuan owed to the holding subsidiaries, with the excess of 24.6401 million yuan in property beyond the offsetting of the debt to be purchased and paid in cash by the holding subsidiaries.
金杯电工：控股子公司与绿地控股集团部分债务人达成协议 以房产抵偿应收账款
Gold cup electric apparatus: A subsidiary of the company has reached an agreement with some debtors of greenland holdings corporation to offset receivables with properties.
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