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Anhui Guotong Hi-Tech Pipes Industry Co Ltd announces waiver of debt


Wednesday, 1 Jan 2014 07:00pm EST 

Anhui Guotong Hi-Tech Pipes Industry Co Ltd:Says Hefei State-owned Assets Holding Co., Ltd. signed on Dec. 31, 2013, an agreement with the company that it will waive the company's debt to Hefei State-owned Assets Holding Co., Ltd. of 35,000,000 yuan.Says the company is requested to pay back the rest obligations of 288,232,737.47 yuan by the end of 2016. 

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