Beijing News (Reporter Yuan Xiuli) On February 21, Jiayuan International Holdings, hereinafter referred to as "Jiayuan International") in liquidation, issued an announcement to update the latest situation of the group's business operations.
According to the announcement, the real estate development project in Hefei, a subsidiary of Jiayuan International, was changed on September 8, 2022, involving all the shares of Huiyuan Real Estate Development *** (hereinafter referred to as "Huiyuan Real Estate") held by Huiyuan Investment Holdings*** (hereinafter referred to as "Huiyuan Investment").
Specifically, all of the shares of Huiyuan Properties, representing 100% of its total issued shares, have been appointed to the receivers of Huiyuan Properties. The action was carried out under a financing agreement between Huiyuan Real Estate and Credit Suisse for a US$100 million term loan facility, pursuant to which Huiyuan Investment's shares were pledged to Credit Suisse.
The announcement further states that as a result of the appointment of the receiver, Jiayuan International Group no longer has any power or authority to deal with these pledged shares, including its interest in Jiayuan Anhui. Jiayuan Anhui is the indirect wholly-owned owner of a real estate development project of the Group in Binhu District, Hefei City, Anhui Province.
It is reported that trading in Jiayuan International's shares has been suspended on the Stock Exchange since April 3, 2023, and will continue to be suspended until further notice.
Edited by Yang Juanjuan.
Proofreading by Jun Liu.