-- Shenyang Cuihua Gold and Silver Jewelry (SHE:002731) and its Shenzhen subsidiary have recorded four new overdue loans totaling 143.6 million yuan, bringing the cumulative overdue principal to 637.6 million yuan.
The jewelry retailer cited working capital constraints for the missed payments, according to a Wednesday filing with the Shenzhen bourse.
The company is negotiating with creditors for extensions and repayment plans while accelerating receivable collections, it said.