ST Baili announced that the company has signed cash gift agreements with seven restructuring investors, receiving a total cash gift of 130 million yuan. The donors voluntarily, unconditionally, and irrevocably gifted cash to the company, and the company is not required to assume any obligations or pay any consideration. This gift will be recorded in the company's capital reserve, which is conducive to improving the company's financial structure and resolving its debt crisis. The company has not yet entered restructuring proceedings, and whether it will enter restructuring in the future remains uncertain.
Hunan Baili Engineering SciReceives 130 million yuan cash gift from restructuring investors, improving financial structure and aiding debt crisis resolution.
