some people worry about joy, in the face of the current national entrepreneurship, people’s innovation, the call, there are a lot of people with lofty ideals, in the wave of innovation and entrepreneurship, to show their strength, share a cup of soup! However, as the large enterprises in Nanjing Yurun are facing a series of debt crisis.
days ago, China Yurun Food Group Limited (hereinafter referred to as the "food") announced that the company’s wholly-owned subsidiary of Nanjing Yurun Food Co. Ltd. (hereinafter referred to as the "Nanjing Yurun") may not be timely payment due in May 13, 2016, the aggregate principal amount of 1 billion yuan of principal medium-term notes maturing.
This is the
since 2016 second, Nanjing Yurun half a year to the third release on time payment of bills uncertainty announcement. The industry believes that the first half of Nanjing Yurun to continuous outbreak of the debt crisis, Domino began to fall, the next crisis broke out more chances.
said in the announcement, due to Chinese of high-end dining and meat consumption market weakness and rising production costs and other reasons, coupled with the 2015 net loss of about 1 billion 580 million yuan, Nanjing Yurun has uncertainty in the payment on time expires in May 13, 2016, the principal amount of $1 billion medium-term notes due principal and interest. At present, Nanjing Yurun is actively arrange funds to honor the medium-term notes.
it is worth noting that this is the first half of the year between the third release of Nanjing Yurun Yurun may not timely payment notes due notice.
In October 12th
2015, Nanjing Yurun in Central Clearing Corp website published on October 18, 2015 maturity, the amount of 1 billion 300 million yuan in the first phase of the medium-term notes due principal and interest payment uncertainty announcement. But in October 19, 2015, Yurun Food announced that the total payment of 1 billion 300 million yuan medium-term notes.
, according to industry sources, in early September 2015, Yurun Food and SUNAC China entered into a strategic cooperation agreement, SUNAC China intervention Yurun Food restructuring, the hand is probably rongchuang Chinese.
with the help of Nanjing Yurun debt suspension, but with the 2015 business continued to deteriorate, debt problems ensue.
2016 in March 9th, Yurun Food once again announced that due to China high-end dining and meat consumption, weak market competition, rising production costs and other reasons, Nanjing Yurun reached 524 million yuan loss in September 30, 2015. Nanjing Yurun in payment on time expired in March 17, 2016, the uncertainty of the amount of RMB 500 million yuan in the first phase of short-term financing bonds due principal.
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