Orient Group warns of default on raised funds repayment

** Orient Group Inc. (SSE: 600811) announced it may not be able to repay 62.898 million yuan in raised funds by the March 5, 2025 deadline. The funds, initially intended to temporarily supplement working capital, face potential default due to liquidity constraints stemming from a struggling real estate market, rising material costs, weak consumption, and slow asset disposals. Orient Group is actively pursuing various funding avenues and asset sales to address the shortfall. Investors are cautioned about potential risks, including ongoing investigations by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations which may trigger delisting, and failure to meet debt restructure requirements. A major shareholder has not fulfilled promises to resolve liquidity issues with the financial company.