Wongtee International terminates the planning of major asset sales and debt restructuring matters
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Wongtee International announced the termination of the major asset sale and debt restructuring plan with Fenghan Yigang. Although both parties had multiple consultations on the feasibility and core terms of the transaction, they failed to reach an agreement. In addition, some of the company's assets have been judicially determined to be used for debt settlement. After careful study and friendly consultation, all parties agreed to terminate the matter
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