Cedar Development’s Letter of Concern: Request to Verify Supply Chain Business Situation_Securities Times Network

Securities Times e-company news, Cedar Development received a letter of concern from the Shenzhen Stock Exchange. Recently, some media reported that some of Cedar Holdings’ trust products were overdue, and its underlying asset-related supply chain business was suspected of “idling” trade. Asked to verify whether the 30 companies reported by the media were suppliers or customers of the company’s supply chain. As of the end of the reporting period, it is required to explain the company’s prepayments and receivables to the aforementioned entities, and whether the receivables are overdue. In addition to the aforementioned 30 companies, whether the company participates in the supply chain business related to accounts receivable that are the underlying assets of the trust products of Cedar Holdings.