Zhitong Financial APP News, Shandong Guoxin (01697) announced that on October 13, 2023, the company and the transferee Weifang Gaoteng Real Estate Development Co., Ltd. entered into a debt transfer agreement, the company intends to sell Yuerong No. 26 claim to the transferee, the consideration is about 99.5602 million yuan.
As of June 30, 2023, the company has set aside approximately RMB 4.59 million for the impairment loss on trust financing under Yuerong No. 26 Trust Plan. If the repayment obligor is unable to repay the outstanding loan in full, the company is expected to make further provision for the impairment loss.
The board of directors is of the view that the transfer of creditor's rights can enable the company to recover trust financing funds within a relatively short period of time, obtain liquidity and improve the efficiency of the use of capital, so it is in the overall interests of the company and its shareholders to sell Yuerong No. 26 as soon as possible; and the transfer of creditor's rights will help to improve the company's asset and liability structure, optimize the company's financial and industry regulatory indicators, and improve its asset allocation structure, thereby enhancing its sustainable operating ability.