Figtree Holdings (SGX:5F4) said Vibrant Group (GX:BIP), the parent of its controlling shareholder, acquired 37.2 million yuan of debt owed by its 20%-owned associate, Vibrant Pucheng Logistics, for 30 million yuan under a deal with China Railway Construction Engineering, according to a Thursday filing on the Singapore Exchange.
The debt relates to overdue payments for a logistics center in Chongqing, China.
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