Jiu Rong Secures Mediation Window and Repayment Extension in RMB49 Million Loan Dispute
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Jiu Rong Holdings Limited has announced a mediation agreement regarding a RMB49 million loan dispute with Bank of Communications. The case, involving its subsidiary Hangzhou LuYun Property Limited, has moved into mediation, extending the repayment deadline to 31 August 2026. The company believes this approach is beneficial for shareholders, delaying potential enforcement actions. A detailed update will follow once the mediation is finalized. Jiu Rong operates in the property sector in China and is exposed to refinancing risks in the market.
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