Shang Hai Zheng Quan Bao·2026-02-07 08:00Core Viewpoint - The company, Mongcao Ecological, announced that its subsidiaries have not yet recovered a total principal of 135 million yuan from a trust investment, and instead, they will take over the underlying assets of the trust, becoming partners in a limited partnership [2][5]. Group 1: Trust Investment Details - Two subsidiaries of Mongcao Ecological, QinCao Nature and QinCao Ecology, invested a total of 198 million yuan in a trust product issued by Shaanxi Guotou Trust, with investment periods not exceeding 24 months [2][3]. - The trust funds were intended for investment in a private equity fund focused on infrastructure and development projects in Xi'an Fengdong New City [3][5]. - The exit strategy outlined in the trust contract involves a buyback by Xi'an Fengdong Holdings at a premium rate of 5.9% per annum [3][6]. Group 2: Current Status and Future Actions - As of February 4, 2026, the trust plan has matured, but 135 million yuan in principal remains unpaid, with QinCao Nature and QinCao Ecology unable to recover their respective investments of 85 million yuan and 50 million yuan [3][8]. - The trust has issued a distribution notice, indicating that the subsidiaries will receive non-cash assets, specifically a 6.75% share in the limited partnership, which corresponds to the unpaid principal [5][8]. - The company is actively negotiating with Shaanxi Guotou Trust and Xi'an Fengdong Holdings regarding the distribution of trust assets and the fulfillment of the buyback obligations [8].