BRIEF-Jinke Smart Services Updates On Debt Settlement Mandate

Reuters

2024-09-30

Sept 30 (Reuters) - Jinke Smart Services Group Co Ltd

:

* REFERS TO ANNOUNCEMENT OF CO DATED 29 JULY 2022 ON LOAN AGREEMENT

* SHALL PROCURE ITS MEMBERS TO COOPERATE WITH GROUP TO CONDUCT JUDICIAL AUCTION FOR OFFSET ASSETS TO SETTLE RECEIVABLES

* AS JINKE PROPERTY FAILED TO PERFORM ITS REPAYMENT OBLIGATIONS ON TIME CO HAS APPLIED TO COURT FOR JUDICIAL ENFORCEMENT

* INTENDS TO ACQUIRE REMAINED OFFSET ASSETS AT A SETTLEMENT PRICE TO BE AGREED WITH JINKE PROPERTY GROUP

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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