On July 22, Shanghai Baolong Industrial Development Co., Ltd., a subsidiary of Baolong Real Estate, issued an announcement stating that the company plans to introduce “asset debt forgiveness options” for open market bondholders. Pengpai News learned that the “Asset Debt Settlement Option” arrangement was first introduced on July 24. Starting with the opening of the market on July 23, “H19 Baolong 2,” “H21 Baolong 1,” “H21 Baolong 2,” “H21 Baolong 3,” “H0 Baolong 04,” and “PR Baolong B” will be suspended.

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