---
title: "NEW JCM: Signed an \"Execution and Settlement Agreement\" with Huijin New Machine, reducing debt to 182 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233243316.md"
description: "NEW JCM signed an \"Execution and Settlement Agreement\" with Huijin New Machine, reducing the debt from 259 million yuan to 182 million yuan, lowering the interest rate and extending the repayment period, with installment payments to ease repayment conditions. The agreement stipulates that the principal debt is 182 million yuan, with an annual interest rate of 10%, to be repaid by March 25, 2028. The actual controller provides a gratuitous guarantee and holds 47.7327 million shares as collateral. This debt restructuring helps to reduce the company's debt costs and alleviate short-term repayment pressure, but the company still has multiple overdue debts, and investors need to be aware of the risks"
datetime: "2025-03-26T08:11:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233243316.md)
  - [en](https://longbridge.com/en/news/233243316.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233243316.md)
generator: "portal-rs"
---

# NEW JCM: Signed an "Execution and Settlement Agreement" with Huijin New Machine, reducing debt to 182 million yuan

NEW JCM announced that the company has signed an "Execution and Settlement Agreement" with Huijin New Machine, reducing the original debt amount of 259 million yuan to 182 million yuan, lowering the interest rate and extending the repayment period, with installment payments to ease repayment conditions. After the agreement takes effect, both parties agree to treat 182 million yuan as the principal debt, calculating interest at an annual rate of 10%, to be repaid by March 25, 2028. The company's actual controller, Li Liping, and her spouse provide free guarantees, holding 47.7327 million shares of NEW JCM as collateral. This transaction constitutes a related guarantee but does not involve a major asset restructuring. This debt restructuring helps reduce the company's debt costs and alleviate short-term repayment pressure. The company still has multiple overdue debts, and investors should be aware of the risks

### Related Stocks

- [300157.CN](https://longbridge.com/en/quote/300157.CN.md)

## Related News & Research

- [Trump, Vance and Bessent try to calm the bond market with 'alternative facts'](https://longbridge.com/en/news/296644039.md)
- [Athene shifts CLO exposure toward AMAPS, citing tighter spreads in CLO market](https://longbridge.com/en/news/296791254.md)
- [CPCA sees China August NEV retail sales at about 1.04 million, penetration may hit record](https://longbridge.com/en/news/296629445.md)
- [After gaining EV sway, Chinese carmakers eye full hybrid market](https://longbridge.com/en/news/296736607.md)
- [BYD opens orders for its new flagship EV with over 1,000 km of range for under $40,000](https://longbridge.com/en/news/296807567.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**