On August 31, Yatai Group (600881. SH) announced that the company had added 1.996 billion yuan in overdue debt, accounting for 322.44% of the latest audited net assets. As of the announcement date, the company and its subsidiaries had accumulated overdue debt principal and interest of 5.88 billion yuan, accounting for 949.88% of net assets. The company is negotiating with creditors to resolve the debt crisis by extending the loan and adjusting the way of interest payment.
On August 31, Yatai Group (600881. SH) announced that the company had added 1.996 billion yuan in overdue debt, accounting for 322.44% of the latest audited net assets. As of the announcement date, the company and its subsidiaries had accumulated overdue debt principal and interest of 5.88 billion yuan, accounting for 949.88% of net assets. The company is negotiating with creditors to resolve the debt crisis by extending the loan and adjusting the way of interest payment.
