YMRD(SH:600239) Mei Ri Jing Ji Xin Wen·2025-09-04 00:59Core Viewpoint - Yunnan Chenggong Investment (Yunnan Chenggong) announced a debt settlement plan involving asset-for-debt exchange with three companies due to their inability to repay debts owed to Yunnan Chenggong [1][2]. Group 1: Debt and Settlement Details - The debt originated from a 2018 equity transfer involving a 59.5% stake in Qicai Company, leading to a lawsuit and counter-lawsuit among the involved parties [2]. - The total debt amount owed by Fengyu Company and Qingfeng Company to Yunnan Chenggong is approximately 81.06 million yuan, which includes principal and penalties [2][3]. - The settlement involves Qicai Company transferring 92 residential properties located in Kunming, with a total area of approximately 13,600 square meters, to Yunnan Chenggong as repayment [2][3]. Group 2: Asset Valuation and Transaction Details - The market value of the assets was assessed at approximately 81.05 million yuan, closely aligning with the total debt amount [3]. - The transaction is structured to ensure clear property rights, with no existing liens or legal disputes affecting the transfer [3][4]. - The average price per square meter for the assessed properties is approximately 5,974 yuan, which is significantly lower than the market price of around 9,500 yuan per square meter for similar properties in the area [6].