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On December 7, the stock price of Muyuan shares fell sharply, closing at 48.
In the evening of the same day, Muyuan shares disclosed an announcement on the progress of the company's completion of the payment of relevant commercial acceptance bills
The announcement showed that the company’s 32 subsidiaries did not redeem the commercial acceptance bills on time due to the company’s failure to receive valid payment applications from some holders in a timely manner, or the clearing method selected by the holders did not meet the bank’s requirements
After the company actively communicated with the holder and the bank, up to now, all the commercial acceptance bills of RMB 7.
According to previous announcements, the current production, operation and cash flow of Muyuan Co.