*ST Lingnan Reviews New Repayment Arrangement
On July 29, *ST Lingnan announced it will hold a meeting of 'Lingnan Convertible Bond' holders on August 3 to review a proposal for a new repayment arrangement. If the proposal is not approved, it will not affect the fourth-phase repayment. The company warned of risks including failure to repay the convertible bonds on time, going concern, and stock delisting. In 2025, the company's revenue was 112 million yuan, down 86.99% year-on-year; net loss was 2.336 billion yuan.
Impact and considerations
The company's financial difficulties may affect its tourism operations, serving as a warning for related business partnerships and investors.
Key points
- On July 29, *ST Lingnan announced it will hold a meeting of 'Lingnan Convertible Bond' holders on August 3 to review a proposal for a new repayment arrangement.
- If the proposal is not approved, it will not affect the fourth-phase repayment.
- The company warned of risks including failure to repay the convertible bonds on time, going concern, and stock delisting.
- In 2025, the company's revenue was 112 million yuan, down 86.99% year-on-year; net loss was 2.336 billion yuan.
Sources and time
- Primary source
- 执惠
- Other sources
- 0
- First source publication
- 3 Aug 2026, 08:00
- Page published
- 13 Aug 2026, 08:10
- Last updated
- 3 Aug 2026, 08:00
- Original links
- TripVivid：*ST岭南审议新增偿付安排 2026-08-03 (opens in a new tab)Primary source · zh · Published 3 Aug 2026, 08:00