Ruihe Decoration's syndicated loan is overdue, involving an amount of approximately 15.2 million yuan
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Ruihe Decoration applied for a credit line from a syndicate led by Bank of China due to the slow turnover of accounts receivable caused by the debt crisis of its largest customer. Recently, due to tight liquidity, there has been a situation of overdue syndicate loans. As of the announcement date, the total overdue principal and interest amounted to approximately 15.2 million yuan
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