Chenming Paper: total overdue debt and interest of the company and its subsidiaries amounted to 18.2 billion yuan

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Data JSM 19 November, PT. Chiming Paper Industry Tbk. (the "Company") announced that as of 18 November 2024, the total overdue principal and interest of the Company and its subsidiaries amounted to RMB 1.82 billion, accounting for 10.91% of the Company's latest audited net assets. The Company provided joint and several guarantees for the financing of its subsidiaries, with the corresponding overdue amount being RMB 574 million, accounting for approximately 3.44% of the Company's latest audited net assets. As of 18 November 2024, the total number of frozen bank accounts of the Company and its subsidiaries was 65, with a cumulative frozen amount of RMB 64.837 million.

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