Reuters reported that China -Zhuang Enterprise Group, China Asset Management Corporation, told investors that the company is facing the liquidity crisis and will launch debt reorganization.
Reuters quoted sources reported that Zhongzhi said at the meeting on Thursday (August 17) that they have hired one of the four major accounting firms to conduct a comprehensive audit of the company and find strategic investorsEssence
Zhongzhi has not responded to Reuters' comment requests.
Zhongrong Trust, a subsidiary of Zhongzhi Enterprise Group, has been confirmed that overdue payment is overdue, with an overdue amount of nearly 100 million yuan (RMB, S $ 18.68 million).
Bloomberg reported that after the overdue of Zhongrong Trust, only the China Real Estate Newspaper and a few media in China Real Estate News reported that Zhongzhi Group, a company managed about 1 trillion yuan in assets.
Financial commentators and amateur authors have been discussing the risk of "Zhongzhi Department" on social media in the past six months, but some official media only reported that Zhongrong Trust has overdue overdue.