Zhongguancun 7 Years 3.1 Billion Of Debt Secured Cdma Project Finally Lifting

Today's announcement, the company and joint venture companies in Zhongguancun

, Beijing Communicate Network Development Co., Ltd. signed the "CDMA project in Guangdong settlement agreement", the company should pay 136.8 million yuan for the satisfaction of the Zhongguancun network in Guangdong Guangdong Finance Investment Holdings Limited's debt, and, sea source Holdings Limited shareholders will bear one of the 6321 million.

Zhongguancun has been made in view of Unicom The company promised to pay 320 million yuan of the relevant documents, and Zhongguancun in December 28 days by Kelly Wang paid 150 million yuan in Guangdong Guangdong Finance, Zhongguancun is Zhongguancun network in Guangdong Development Bank 3.12 billion loan guarantee issue will eventually be solution.

Secured debt for seven years before unloading

The history of this huge loan guarantees from the June 2001 issue. That time, Zhongguancun Zhongguancun 5% stake in Guangdong Development Bank for the network to a total of 31.2 billion loan, the loan provided to third parties Zhongguancun joint and several liability.

2006 7 months, the loan maturity. December 2006, issued wide strip of the above claims to the Guangdong Guangdong Finance Investment Holdings Limited. September 2007, Guangdong Guangdong Finance sent a lawyer's letter to the Zhongguancun Science, Zhongguancun, the repayment of loan principal requirements and the corresponding security interest on joint responsibility to fulfill. Zhongguancun network is commissioned lender Guangdong Investment Ltd. Kelly days, and the Guangdong Yue Wang solve the financial restructuring of loans and settlement issues.

In addition, the relevant departments under the State Council on the 800MHz digital cellular mobile Communicate Overall network transfer Unicom The relevant provisions of the company, holding 35% of Zhongguancun, the new Great Wall of Guangdong Mobile Communication Company Limited on November 20, 2001 commencement of the assets of the Zhongguancun Guangdong CDMA handover procedures, and conducted a three talks.

Taking into account the investment lending policy factors CDMA project, the Guangdong Guangdong Finance agreed to dispose of the principle of classification, issued wide strip package deal with the original claims. Specific solutions, the five ministries and commissions under the State Ministry of Information Industry, "on the Great Wall Mobile Communications Co., Ltd. Guangdong CDMA mobile communication network disputed the views of asset disposal notice", 31.2 million loan of 1.78 billion direct investment in the project by the China United Communication Co., Ltd. paid 320 million yuan of losses; Zhongguancun, the actual use of part of network of shareholders by the shareholders.

Guangdong Guangdong Finance the following conditions: first, to ensure that the December 29, 2007 received 150 million yuan; second, to be signed by the Unicom agreed to pay 320 million yuan of valid documents, and for the end of 2007 will receive the amount Pei Fukuan before. Guangdong Guangdong Finance agree, as long as the money received over 470 million yuan, can lift the Zhongguancun warranty.

Currently, Unicom Corporation and the Guangdong Great Wall Industry Corporation on "the underlying asset purchase agreement" has been basically agreed. The contract expressly agreed, according to the company commissioned Guangdong Great Wall will be 320 million yuan paid directly to the Guangdong Guangdong Finance. Zhongguancun has been made in view of the relevant documents received 320 million yuan, the Guangdong Guangdong financial requirements of 320 million yuan of funds have been implemented, in charge of the money does not exist on the barriers or risks.

In accordance with the requirements of Guangdong, Guangdong Finance, Zhongguancun also was December 28, 2007 by Kelly-day paid to the Guangdong Yue Wang fiscal 150 million yuan.

Meet the balance of 73.59 million yuan

Zhongguancun and CDMA-related offset the credit and debt, the company should pay the balance of 73,592,738.93 dollars.

Zhongguancun 7 Years 3.1 Billion Of Debt Secured Cdma Project Finally Lifting

By: dpdp

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