Core Viewpoint - Huazhang Technology (01673) has engaged in a strategic acquisition of creditor rights from Yunnan Asset Management Co., Ltd., involving a debt transfer contract valued at 20 million RMB, as part of a bankruptcy restructuring process for the debtor company Baoshan Xinsengtai Paper Industry [1][2] Group 1 - The acquisition includes two parts: 25.66 million RMB of unpaid principal and accrued interest/penalties from Baoshan Xinsengtai Paper Industry, secured by approximately 97,000 square meters of land and 21,000 square meters of factory buildings, and 10 million RMB of unpaid principal and accrued interest/penalties from Zhaotong Junchi Trading, which is unsecured [1] - As of October 20, 2025, the total unpaid amount for both debts is approximately 74.79 million RMB [1] Group 2 - The board believes that acquiring secured debt from the debtor company is a strategic move, as the company will need to pay an amount similar to the debt transfer contract price according to the restructuring plan [2] - By participating in the public bidding and making a prepayment, the company gains the opportunity to effectively control the assets pledged to the seller, which include several land parcels and associated buildings [2] - The seller is one of five secured creditors of the debtor company and holds a critical voting power in the upcoming creditors' meeting to approve the restructuring plan, having confirmed a debt claim value of approximately 38.32 million RMB, which constitutes about 26.1% of the total secured debt in the bankruptcy restructuring process [2]
华章科技以2000万元竞购两项债权