TIBET DEVELOPMENT(SZ:000752) Xin Lang Cai Jing·2025-08-25 08:52Core Viewpoint - ST Xifa (000752) announced the progress of the liquidation of Suzhou Huaxin Shandali Venture Capital Partnership (Limited Partnership), which was established in 2016 with an investment of 300 million yuan from the listed company, accounting for 50% [1] Group 1 - In February 2023, the court accepted the liquidation application from China General Nuclear Power Corporation (CGN) regarding Huaxin Partnership, and the subsequent liquidation plan was approved [1] - The company received a "Debt Transfer Contract" today, indicating that Huaxin Partnership is unable to realize its claims against the repurchase obligor, leading to a physical distribution through debt transfer [1] - The debt involves debtor Wu Wei, including equity repurchase payments, and has not been compensated after three forced auctions, all of which failed to sell [1] Group 2 - Huaxin Partnership transferred the debt to Tibet Development and CGN, with Tibet Development holding a 60% stake in the transferred debt [1] - The company classified this debt as non-performing and plans to record it at a book value of 1 yuan, indicating no impact on its financials [1]