Xibei Bearing Stock Company Enjoy 14.36m Debt Reduction

Resource from: cbcc-yinx Likes:2954

Feb 08,2007

Xibei Bearing Stock Company Enjoy 14.36m Debt Reduction Feb. 8, Xibei Bearing Stock Co.,Ltd announced that they have repaid 15 million yuan to China Cinda Asset Management Corporation Yinchuan Branch according to the Debt Restructuring Contract signed by the two sides on Dec. 28 last year. Thus, Xibei Bearing Stock company can enjoy a debt reduction of 14.36 million yuan as stipulated in the contract. Following is the major content of the contract: Both parties agreed to set Sep. 20, 2006 as the date for calculating their debt and the identified debt was turned out to be worth 29.36 million yuan, including interest of 4.46 million yuan. And if the debtor could repay 15 million yuan before the deadline, the creditor would like to disclaim 14.36 million yuan of the debt. The 14.36 million yuan will be writen in the nonoperating income of Xibei Bearing's fiscal report in first quarter 2007.

(cbcc-yinx)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Most Competitive Machine Tool Brands in 2006
Next Spanish A&S Fersa Visit Kaiyuan Bearing

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.