Sep 29, 2021 10:05 PM (GMT+8) · EqualOcean
Cailian, September 29 (Xinhua) recently, the reporter asked Xinli insiders for confirmation on some rumors and learned that Xinli is trying to alleviate the company's financial pressure from several aspects to deal with the upcoming debt repayment crisis. However, judging from the progress of Xinli property sales company and national projects, the way to recover funds through the sale of assets is not smooth. According to people familiar with the matter, there are projects in Jiangsu in Xinli Yangtze River Delta that are under discussion for sale, and projects in other parts of the country have been successfully sold, and the handover procedures are being handled. "The tightening of financial supervision and the superposition of regulatory policies have led to the drying up of payment collection. In addition, some recent negative public opinion of the company has led to the rapid tightening of financing, so it is difficult to support the cash flow," the aforementioned insider said.
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