timezonearcade| Jinan High-tech Holdings loses control of its important subsidiaries, accounting for 96% of its net profit in 2023

2024-05-23

On May 23, Jinan High-tech Holding Group Co., Ltd. announced that it plans to holdtimezonearcadeShandong Yulong Gold Co., Ltd. All 2timezonearcade.300 million shares were transferred to Jigao (Jinan) Capital Investment Co., Ltd., resulting in the loss of control over Yulong shares. At present, Jinan High-tech Holdings has a total of 37 existing bonds with a scale of 36.6 billion yuan, of which 13.7 billion yuan will mature within one year. Jinan High-tech Holdings stated that it has designated relevant departments to take the lead in coordinating the repayment of existing bonds, implementing funding sources for future repayments, ensuring the timely payment of principal and interest of existing bonds, and protecting the interests of holders.

timezonearcade| Jinan High-tech Holdings loses control of its important subsidiaries, accounting for 96% of its net profit in 2023