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4 stories mentioning SHA:600606Updated just now

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Asia

Greenland Holdings Overdue Debt Rises to 33 Billion Yuan; Faces 942 Lawsuits

Greenland Holdings (SHA:600606) said its overdue debt surged to 33.0 billion yuan as of early September, with 1.14 billion yuan added from Aug. 20 to Sept. 2.The real estate and infrastructure company also faced 942 new lawsuits totaling 3.37 billion yuan during the same period, mostly from construction, real estate and financial counterparties, according to a weekend filing with the Shanghai bourse.Shares of the company were down 1% in recent trade.

SHA:600606
Asia

Greenland Faces 2.07 Billion Yuan in New Overdue Debts, New Lawsuits

Greenland (SHA:600606) and its subsidiaries incurred 2.07 billion yuan in new overdue debts, bringing cumulative overdue debts to 30.9 billion yuan, with 888 million yuan of the new debt tied to litigation, according to a bourse filing on Monday.During the same period, the company faced 1,275 new lawsuits involving 3.9 billion yuan in disputes, while simultaneously settling 1,213 cases amounting to 1.51 billion yuan.The company was a defendant in 1,198 cases carrying 3.48 billion yuan in accounting disputes, and a plaintiff in 77 cases involving 424 million yuan.The company attributes the situation to the ongoing adjustment cycle in the real estate and infrastructure sectors and has established special work teams to resolve lawsuits and reduce debt.

SHA:600606
Asia

Greenland Holdings Logs 12.2 Billion Yuan in Major Infrastructure Projects in Q2

Greenland Holdings (SHA:600606) logged 12.2 billion yuan of major infrastructure projects in the second quarter, according to a Thursday filing with the Shanghai bourse.The company's new infrastructure projects reached 554 during the quarter, with the amount up 1.8% to 36.7 billion yuan.

SHA:600606
Asia

Greenland Holdings Settles 2.1 Billion Yuan of Lawsuits in Two Weeks Through June 3

Greenland Holdings (SHA:600606) settled 1,410 lawsuits totaling 2.11 billion yuan during the May 21-June 3 period, according to a Saturday disclosure to the Shanghai bourse.The real estate company became involved in 1,017 new lawsuits worth 3.11 billion yuan during the nearly two-week period.

SHA:600606

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