The actual situation at Yanbei Printing Factory, according to the estimate from the All Stars Due Diligence Team, is already insolvent.
The company has accumulated debts totaling 39 million yuan, including 26 million yuan in bank loans, 8 million yuan owed to suppliers, and 5 million yuan in unpaid employee salaries.
Meanwhile, the actual asset valuation stands at 40 million yuan, with the most valuable being the 30-acre industrial land worth 28 million yuan; equipment residuals, accounts receivable, and raw materials amount to just over 12 million yuan.
The company is in a state of continuous loss, with hefty interest on loans persistently accumulating.
For the acquiring party, it's akin to taking over a mess.
If it weren't for the trust in Su Yu, Wen Ruan wouldn't even dare to sign.
The thunderous applause in the venue gradually dissipated.
