The selloff came after the company missed an end-March deadline to release its 2020 financial results.
Meanwhile, backed by our sound process management and risk management systems, thorough due diligence investigation, flexible transaction structure planning and stringent project risk control measures, we have achieved effective risk control.
Supported by assets, customers and technical advantages accumulated from our business of distressed asset management and financial services, our asset management and investment business includes asset management, financial investments, international business and other business.
Distressed asset management is the foundation of our business.
Another said co-workers at a Huarong subsidiary were worried the company might not be able to pay their salaries.
Hundreds of Huarong staff, from Beijing division chiefs to branch employees in faraway outposts, listened in on April 16 as Wang reviewed the quarterly numbers.