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新锦动力(300157.SZ)签署执行和解协议书暨债务重组

NEW JCM GROUP (300157.SZ) has signed an execution and settlement agreement as well as a debt restructuring.

Zhitong Finance ·  Dec 20, 2024 12:00

NEW JCM GROUP (300157.SZ) announced that to swiftly resolve the dispute, after negotiation, the company (Party B) and Beijing Centergate Technologies parent...

According to the Zhito Finance APP, NEW JCM GROUP (300157.SZ) announced that to swiftly resolve the dispute, after negotiation, the company (Party B) and Beijing Centergate Technologies parent Fund (Party A) reached an "Execution Settlement Agreement." Both parties confirm that they will merge the debts under Execution Case One and Execution Case Two for repayment, with the repayment plan as follows:

(1) Within 3 natural days from the date of signing this "Execution Settlement Agreement," Party B will make a one-time payment of 40,000,000.00 Yuan to Party A; (2) by February 25, 2025, Party B will make a one-time payment of 60,000,000.00 Yuan to Party A; (3) by March 25, 2025, Party B will make a one-time payment of 60,000,000.00 Yuan to Party A; (4) by April 25, 2025, Party B will make a one-time payment of 60,000,000.00 Yuan to Party A; (5) by May 30, 2025, Party B will make a one-time payment of the remaining amount. If the company pays the amounts on time and in full as stipulated in this "Execution Settlement Agreement" and does not violate any other obligations stipulated in this "Execution Settlement Agreement," then Beijing Centergate Technologies parent Fund agrees to waive the amount equal to the interest on the debts during the delay of Execution Case One occurring after April 15, 2022, as well as all amounts incurred under Execution Case Two, thus Party B only needs to pay 56,355,822.30 Yuan and various expenses (expenses include but are not limited to the 2,684,094.04 Yuan already paid, subsequent assessment fees, court execution fees, etc., with specific amounts based on actual occurrences), and Party A waives a total of 81,737,372.94 Yuan.

This debt restructuring is of great significance to the judicial dispute between the company and Beijing Centergate Technologies parent Fund, and the equity of the important subsidiary NEW JCM GROUP, helping the company gradually and effectively resolve the debt crisis, reduce legal risks and litigation costs, while also lowering the risk of continuous losses and ensuring the company's ability to continue operations.

The translation is provided by third-party software.


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