Taihe Holdings (00718) issued an announcement. Guangzhou Rongzhi received from the claimant bank in connection with the Bank of Guangzhou loan described in the announcement...
Zhitong Finance App News, Taihe Holdings (00718) issued an announcement. Guangzhou Rongzhi received a letter from the Claimant Bank regarding the Bank of Guangzhou loan described in the announcement. According to the letter, Guangzhou Rongzhi is required to repay the claimant bank a total of approximately RMB 1.7 billion within five days of the letter. The amount is calculated based on outstanding principal, interest and default interest payable under the Bank of Guangzhou loan. The claimant bank asserted that if the payment was not made within the specified period, it would act to enforce its rights under the Bank of Guangzhou loan.
Trading of the company's shares continues to be suspended.