Shandong Molong (00568) will transfer approximately 169 million yuan of debt from Shouguang Baolong to a vegetable wholesale company.
Shandong Molong (00568) announced that the board of directors has agreed for the company to cooperate with Shandong Shouguang Vegetable Wholesale Market Co., Ltd. (hereinafter referred to as "...".
Shandong Molong (00568) announced that the board of directors has approved the company's agreement with Shouguang Vegetable Wholesale Market Co., Ltd. (referred to as "Vegetable Wholesale Company") and Shouguang Baolong Petroleum Equipment Co., Ltd. (referred to as "Shouguang Baolong") to sign a "Tripartite Agreement". According to the agreement, the company will transfer its debt of approximately 169 million yuan to Shouguang Baolong to Vegetable Wholesale Company, and Vegetable Wholesale Company will pay a consideration of 84 million yuan in cash and land and buildings valued at 85.1198 million yuan. After this transaction is completed, Shouguang Baolong will still owe the company about 292 million yuan.
Related Articles

HK Stock Market Move | DAMAI ENT(01060) rises over 7% again. The company has become the official ticketing channel for the SupeLeague, expanding its ticketing coverage area.

HK Stock Market Move | Jiangsu Lopal Tech. (02465) falls more than 4%, the lithium battery industry remains at the bottom of continuous operation, with an expected loss of up to 98.30 million yuan in the first half of the year.

Bitcoin hits new high, cryptocurrency asset management company Grayscale secretly submits IPO application in the US
HK Stock Market Move | DAMAI ENT(01060) rises over 7% again. The company has become the official ticketing channel for the SupeLeague, expanding its ticketing coverage area.

HK Stock Market Move | Jiangsu Lopal Tech. (02465) falls more than 4%, the lithium battery industry remains at the bottom of continuous operation, with an expected loss of up to 98.30 million yuan in the first half of the year.

Bitcoin hits new high, cryptocurrency asset management company Grayscale secretly submits IPO application in the US

RECOMMEND

Rare Sales Decline for Tank Brand—How Will Great Wall Motor Defend Its Market Position?
14/07/2025

Inside the Explosive Growth of the New Tea Beverage Sector: Supply Chains, Innovation, and Cultural Capital
14/07/2025

Hafu Securities Joins the Race as Hong Kong Accelerates Its Push to Become a Virtual Asset Hub
14/07/2025