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China’s GOME Retail provides overdue debt tally
Chicago, June 13 – GOME Retail Holdings Ltd. provided a tally of its overdue and unpaid debts in an announcement on Tuesday.
As of May 31, the company has a total of RMB 16.16 billion of overdue and unpaid debts, including overseas bonds.
Not yet overdue, the company has RMB 5.51 billion of debt, including overseas bonds.
As of May 31, the group was involved in a total of 1,294 pending lawsuits amounting to RMB 10.37 billion total. Pending financial cases involved a total of around RMB 8.43 billion.
The company’s frozen funds total RMB 166 million.
GOME Retail, formerly GOME Electrical Appliances Holding Ltd., is an electrical appliance retailer based in Beijing.
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