Ge Long Hui A P P·2025-11-14 11:12Core Viewpoint - ST Zhongdi is facing financial pressure and is utilizing real estate assets to settle outstanding construction payments with its contractor, Chengdu Jieyi [1] Group 1: Project Overview - The company’s wholly-owned subsidiary, Dazhou Mianshi Real Estate Development Co., Ltd., is advancing the "Zhongdi Suidingfu" residential project located in Dazhou, Sichuan Province [1] - The construction development of the project is managed by the general contractor Chengdu Jieyi Construction Engineering Co., Ltd. [1] Group 2: Financial Situation - As of now, there is a total of 69.21 million yuan in outstanding payments that the company needs to pay to Chengdu Jieyi [1] - To alleviate financial pressure, Dazhou Mianshi plans to compensate Chengdu Jieyi with 14 residential units from the project, valued at 8.8541 million yuan [1] - After this compensation, the remaining outstanding payment to Chengdu Jieyi will be 60.3559 million yuan [1]