Shandong Molong Petroleum Machinery Announces Debt Settlement Agreement
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Shandong Molong Petroleum Machinery Co. Ltd. has finalized a debt settlement agreement with Shandong Shouguang Vegetable Wholesale Market Co., Ltd. The settlement involves transferring land assets to address debt, which is anticipated to enhance project development, strengthen the industry chain, and boost profitability. The board confirmed that the agreement was reached on standard commercial terms and is deemed fair and beneficial for the company and its shareholders.
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