Sundiro Holding A received a collection notice for overdue debts from Great Wall Asset Management
Sundiro Holding received a notice of overdue debt collection from Great Wall Asset Management, involving principal and interest payments, totaling 108.17% of the company's most recent audited net assets. This event may lead to a decline in the company's financing ability, increased cash flow pressure, and risks of litigation, arbitration, and asset freezing
According to the Zhitong Finance APP, SUNDIRO HOLDING (000571.SZ) announced that the company and its wholly-owned subsidiary, SUNDIRO Investment, received the "Overdue Debt Collection Notice" (ZhongChangZi (Lian) ChuiTong Zi [2025] No. 2) and the "Guarantor Performance Responsibility Notice" (ZhongChangZi (Lian) BaoTong Zi [2025] No. 2) from Great Wall Asset Management.
The announcement stated that due to the aforementioned overdue debts, the company and its wholly-owned subsidiary are facing the obligation to pay the principal and corresponding interest, penalty interest, compound interest, liquidated damages, compensation for damages, and costs incurred by Great Wall Asset Management in realizing its claims (temporarily accounting for 108.17% of the company's most recent audited net assets). At the same time, these matters may lead to a decline in the company's financing ability, further exacerbating the tight cash flow situation. Due to the aforementioned overdue matters, the company and its wholly-owned subsidiary may face risks of litigation, arbitration, or freezing of bank accounts or assets
