Taihe Group plans to settle Shengjing Bank's 3.85 billion debt through a debt transfer scheme of 1.625 billion.

NightAirdropper · 2026-02-28T14:54:16+00:00

Taihe Group announced its subsidiary debt repayment plan, including the transfer of 958 million yuan of claims from Fujian Zhongwei Real Estate to Shengjing Bank, and jointly repaying debts within a range of 667 million yuan. The specific financial impact is pending confirmation.

NightAirdropper

2026-02-28 14:54:16

Abstract generation in progress

Guanfawang News: On February 25th, Tahoe Group Co., Ltd. announced a debt transfer and disclosed its secondary subsidiary debt repayment plan.

According to the announcement, Tahoe Group’s secondary subsidiary Shanghai Helin Real Estate Development Co., Ltd. still owes Shengjing Bank Co., Ltd. (referred to as “Shengjing Bank”) a principal debt of 1,450,671,982.56 yuan; the secondary subsidiary Fuzhou Tahoe Jinxing Real Estate Co., Ltd. still owes Shengjing Bank a principal debt of 2,400,000,000 yuan.

Regarding the repayment of the above debts, Tahoe Group plans to agree on the following scheme: Secondary subsidiary Fujian Zhongwei Real Estate Development Co., Ltd. will transfer its debt of 957.672 million yuan to Shenzhen Tahoe Real Estate Development Co., Ltd. to Shengjing Bank; Fujian Zhongwei Real Estate Development Co., Ltd. will jointly repay the above debts within a range of 667 million yuan.

On February 12, 2026, Tahoe Group held the 16th meeting of the 10th Board of Directors and approved the “Proposal on Debt Transfer.” The voting process complied with relevant laws, regulations, and the company’s articles of association. This matter is to be submitted for shareholder approval.

Tahoe Group stated that the specific amount of debt offset through the debt transfer depends on the actual amount recovered by Shengjing Bank. Therefore, the exact impact of this debt transfer on the company’s financial condition cannot be accurately estimated. The company will make corresponding financial adjustments based on the actual debt offset.

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