Sanya's "Mangrove" being sold off at a low price? Jindi Group responds: Debt transfer instead of asset disposal.

Recently, a news about the "Red Mangrove" in Sanya selling assets at a low price has been widely circulated on the internet, sparking market concerns about the operation status of the well-known resort brand "Red Mangrove." In response to this rumor, reporters received a response from Jindian Group on March 18th: the assets listed by Changcheng Assets and China Xinda this time are related debts held by them, not the assets of the Red Mangrove itself. Currently, the three Red Mangrove hotels in Sanya are operating normally, and the bankruptcy reorganization process is progressing in an orderly manner.