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Chenming Paper: The total overdue debt principal and interest of the company and its subsidiaries amounts to 18.2 billion yuan
On November 19th, Jin10 Data reported that Chenming Paper announced that as of November 18th, 2024, the total overdue debt of the company and its subsidiaries was RMB 1.82 billion, accounting for 10.91% of the company’s most recent audited net assets. The company provided joint and several liability guarantee guarantees for the relevant financing of its subsidiaries, corresponding to an overdue amount of RMB 574 million, accounting for about 3.44% of the company’s most recent audited net assets. As of November 18th, 2024, the total number of frozen bank accounts of the company and its subsidiaries was 65, with a total frozen amount of RMB 64.837 million.