L&T City(SH:600790) Shang Hai Zheng Quan Bao·2025-12-25 18:44Group 1 - The company Zhejiang China Light Textile City Group Co., Ltd. has received a total of 1,116,866,312 yuan in compensation for land expropriation, with 371,152,999 yuan remaining unpaid [2][3] - The company has been in communication with the relevant authorities to expedite the payment of the outstanding compensation, but the issue remains unresolved [3] - A lawsuit has been filed by the expropriation implementation unit against the compensation department to demand payment of the outstanding compensation and interest [3] Group 2 - The company’s board of directors approved the expropriation of its subsidiary Huaneng Mall, which is part of a government project, during a meeting held on December 25, 2025 [7][12] - The expropriation will involve commercial and residential properties, including 157 commercial units on the first floor, 110 on the second floor, and 25 residential units [13] - The compensation for the expropriation will follow the relevant policies set by the local government, and the company will monitor the progress closely [15] Group 3 - The company has approved a plan to issue asset-backed debt financing tools (CB) with a registration amount not exceeding 1.5 billion yuan [16] - The registration for the financing tools has been accepted by the China Interbank Market Dealers Association, valid for two years from the date of acceptance [16] - The company will handle the issuance in accordance with relevant regulations and will fulfill its information disclosure obligations [16] Group 4 - The company plans to provide a guarantee of 440,000 yuan for its subsidiary Shaoxing Jinke Bridge Supply Chain Co., Ltd. to support its loan application of 1 million yuan [18][19] - The guarantee is based on the company's 44% ownership in the supply chain company and is deemed necessary for its business operations [19][20] - The company has no overdue guarantees and the total amount of guarantees provided is 1,294,696,100 yuan, accounting for 19.71% of the latest audited net assets [22]