*ST Huaxing announced that as of June 30, 2026, the total amount of financial debt restructuring achieved in the “Debt Restructuring Plan” was about 192,669 billion yuan, with interest reduction and penalty exemption of 20.03 billion yuan; the “Happiness Select Platform” and “Happiness Choice Platform” equity compensation debt was about 23.662 billion yuan; and the cumulative amount of debt payments of 28.432 billion yuan had not been paid as scheduled. From June 1 to 30, an additional 1,070 million yuan of debt was not repaid as scheduled, and an additional amount of 1,093 billion yuan was involved in litigation and arbitration. The outcome of the case is still uncertain.
Zhitongcaijing · 2d ago
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*ST Huaxing announced that as of June 30, 2026, the total amount of financial debt restructuring achieved in the “Debt Restructuring Plan” was about 192,669 billion yuan, with interest reduction and penalty exemption of 20.03 billion yuan; the “Happiness Select Platform” and “Happiness Choice Platform” equity compensation debt was about 23.662 billion yuan; and the cumulative amount of debt payments of 28.432 billion yuan had not been paid as scheduled. From June 1 to 30, an additional 1,070 million yuan of debt was not repaid as scheduled, and an additional amount of 1,093 billion yuan was involved in litigation and arbitration. The outcome of the case is still uncertain.
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