Debt translational soes

To effectively solve the steel trade market credit risks, jiangsu recently proposed "rely on the government, the parties work together, strive for debt restructuring" of the disposal way of ASTM A106 seamless carbon steel tube thinking. On this basis, is located in zhenjiang of sinosteel trading market (jiangsu series metal logistics company) non-performing loan restructuring, to walk in the front row.Yang bad resolve in sinosteel trading market, 234 million yuan of reorganization of non-performing loans, revitalize the bad loans of 150 million yuan, the loans eventually the repayment rate is expected to more than 82%.

But, in fact, there are still talk about the place of this practice. More than 20 times coordination meeting place for it.

Yang steel trade merchants 103 households in the market, among them 92 unpaid loans 233.54 million yuan, involving the bank of China zhenjiang branch, bank of communications in zhenjiang, zhenjiang long radius butt weld pipe elbow branch of bank of the people's livelihood, the bank of post office, zhenjiang and Yang middle businesses such as five Banks, except the minsheng bank as joint system total assets of real estate mortgage, the rest of the rows are guaranteed, coinsurance and movable property pledge loan.

Set by the local government efforts, the implementation of agreements signed between disposal commitment shall subject - - translation "debt restructuring disposal path. Among them, the local state-owned enterprises - jiangsu big line of lingang industrial investment co., LTD., as the 180 degree elbow pipe fitting asme b16.9 steel elbow main commitment shall, for the steel trade market assets acquisition, and bear corresponding liabilities.

Local people told this newspaper, due to the steel trade league system, one of the real estate market investors totaling 114.0232 million yuan land, property and line hanging on the ground of the accessory equipment had been mortgaged to the bank of the people's livelihood, but through coordination, "the branch from the overall situation, agreed to give up the assets mortgage, will all of the assets transferred to big companies."

Based on steel trade market has seriously insolvent, continue to pursue its guarantee responsibility has no practical significance, the local government advice, "the participation credit lines from logistics, real estate of the coupon system and great young guarantee assure responsibility."

In the end, by the reference bank loan to the big company loans 150 million yuan, and provided by the young midtown cast guarantee guarantee, the great lines of all the assets of a company purchase steel trade market, the reference line according to the repayment of loan amount respectively to recover overdue loans of 150 million yuan, the steel trade market corresponding button still merchants loan debt recourse to a big company.