截至本公告日期，合营企业尚未偿还未偿还款项。集团目前正在评估可能采取的行动及与之有关的影响，亦与核数师磋商的同时评估对本年度业绩的财务影响。如有需要，我们将另行刊发公告。集团亦就履行担保责任后可能对合营企业采取的行动征求专业意见，包括但不限于法律及财务意见。Chinanewtown (01278) announced that the company has recently received two letters, both of which were sent by Agricultural Bank of China Limited (Banks) to Beijing Xincheng Kaiyuan Asset Management Co., Ltd. (Xincheng Kaiyuan) (formerly known as Guokai New City (Beijing) Asset Management Co., Ltd. (Guokai New City), an indirectly wholly-owned subsidiary established by the company under Chinese law). The letters were issued based on the guarantee signed by Xincheng Kaiyuan (then known as Guokai New City) and Jiangsu Province Construction Engineering Group Co., Ltd. (Jiangsu Province Construction) on January 21, 2021, for the loan financing (bank loan) of up to RMB 0.5 billion granted by Banks to Nanjing Guoying Zhongxi Construction Development Co., Ltd. (joint venture enterprise, a jointly controlled entity of the group) and guaranteed by the Bank. Xincheng Kaiyuan and Jiangsu Province Construction have agreed to provide guarantees in accordance with their respective equity ratios for the repayment of the bank loan and interest granted by Banks to the joint venture enterprise (Guarantee).
Chinanewtown (01278) announced that the company has recently received two letters, both of which were sent by Agricultural Bank of China Limited (Banks) to Beijing Xincheng Kaiyuan Asset Management Co., Ltd. (Xincheng Kaiyuan) (formerly known as Guokai New City (Beijing) Asset Management Co., Ltd. (Guokai New City), an indirectly wholly-owned subsidiary established by the company under Chinese law). The letters were issued based on the guarantee signed by Xincheng Kaiyuan (then known as Guokai New City) and Jiangsu Province Construction Engineering Group Co., Ltd. (Jiangsu Province Construction) on January 21, 2021, for the loan financing (bank loan) of up to RMB 0.5 billion granted by Banks to Nanjing Guoying Zhongxi Construction Development Co., Ltd. (joint venture enterprise, a jointly controlled entity of the group) and guaranteed by the Bank. Xincheng Kaiyuan and Jiangsu Province Construction have agreed to provide guarantees in accordance with their respective equity ratios for the repayment of the bank loan and interest granted by Banks to the joint venture enterprise (Guarantee).
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As of the date of this announcement, the joint venture enterprise has not repaid the outstanding amount. The group is currently evaluating possible actions and their related impacts, and is consulting with the auditors to assess the financial impact on this year's performance. If necessary, we will issue another announcement. The group will also seek professional opinions on the actions that may be taken against the joint venture enterprise after fulfilling its guarantee obligations, including but not limited to legal and financial opinions.
