Even if it is not bankrupt, the current situation of Yurun Group is not as good as they say. You can imagine that a company will not be able to pay wages several times a year. Business, how much better would it be.

Current situation of Yurun Group

Experts say that Yurun has been exposed to debt crisis and the risk of bankruptcy is high

China Yurun Food Group Co., Ltd. (hereinafter referred to as "Yurun Food" ", 01068.HK) announced that its wholly-owned subsidiary Nanjing Yurun failed to repay the second tranche of medium-term notes with a principal amount of 1 billion yuan as scheduled on May 13, which has now triggered several new financial loans for the group. The cross-default clause is expected to involve a total principal amount of approximately 500 million yuan.

This is the second time this year that Yurun Food has failed to repay debt principal and interest on schedule. The company is currently experiencing unprecedented difficulties, and debt default is only one of them.

Nanjing Yurun is China's largest meat product manufacturer and a core subsidiary of Yurun Food. Yurun Food is the main industry of Yurun Group and one of its two listed companies.