Asia
Jilin Yatai Discloses New 2 Billion Yuan Overdue Debt
Jilin Yatai (SHA:600881) has incurred 2.00 billion in newly overdue debt across four creditor facilities.This brought total overdue principal and interest to 5.88 billion yuan, representing 950% of its latest audited net assets, according to a Tuesday filing with the Shanghai bourse.The company engages in property development, cement manufacturing and securities business. Its shares closed 3% higher Tuesday.
SHA:600881
