ST Sanmu: Some debts are overdue, with overdue guaranteed amounts of 345 million yuan.
ST Sanmu announced that the company and its subsidiaries, Sanmu Jianfa and Fuzhou Light Industry, have recently encountered overdue debts. A loan of 35 million yuan from Guangfa Bank has overdue interest of 310,000 yuan; regarding Shanghai Pudong Development Bank, Sanmu Jianfa has not paid 60.8 million yuan in principal and 756,600 yuan in interest, while Fuzhou Light Industry has not replenished a margin of 21.1264 million yuan. The total overdue guaranteed debt principal and interest amounts to 82.993 million yuan, accounting for 68.79% of the latest audited net assets. As of August 7, the company's overdue guaranteed amount is 345 million yuan, representing 285.56%. The company is urging its subsidiaries to repay the debts.
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