Financial deterioration *st titanium dioxide overdue debt to 200 million

The leakage of the night, *st titanium dioxide (002145) real estate restructuring dream, the company overdue loans have been increased to 212 million yuan. *st titanium dioxide Today "on the failure to discharge due bank loan notice" shows that as of October 31, *st titanium dioxide in the local ICBC Gansu Mining Branch and the Construction Bank of Gansu Mining Branch, a total of 212 million yuan loan has been all overdue.　　On March 31 this year, *st titanium dioxide in the above bank overdue loan amount is 163 million yuan. The latest overdue debt for *st titanium dioxide and CCB Gansu Mining branch of the 3 mortgage loans, totaling 48.2 million yuan. Of these, 2 of the loan repayment date of about 30 million yuan is October 29.　　However, another $19 million worth of debt is a concern, and the loan period for the debt is from August 24, 2009 to August 24, 2010, but the company has not disclosed it until today. It is understood that by the financial crisis and titanium dioxide market raw materials prices and product price fluctuations, *st titanium dioxide production lines since 2008 has been in the state of Stop, the end of 2008 full stop, due to the production can not fully load combined with product costs and price upside down, resulting in the company 2008, 2009 operating huge losses, a serious shortage of liquidity.　　As a result of the above reasons, into the 2009, these maturing bank loans can not be repaid on schedule, and can not handle the rollover, resulting in overdue. But at the beginning of the year, *st titanium dioxide is in a more difficult situation. According to the arrangement of the *st of titanium dioxide at the end of December 2009, the original shareholder of the company will hold the remaining 54.142 million shares of St titanium dioxide on the basis of the transfer of the stock right after the restricted period is over, and the original shareholder will be compensated according to the proportion of its shareholding * St Titanium dioxide restructuring benchmark has owed the industrial and Commercial Bank of China, Gansu Mining Branch, the Chinese Construction Bank Gansu Mining branch of the debt and the outstanding 404.　　However, *st said the reorganization failed on October 30, saying that the company would no longer carry out a major reorganization of assets within three months from the date of the review of the major asset reorganization by the shareholders ' general meeting. *st titanium dioxide also said today that, in addition to the above loans, no loans occurred in other banks. At present, the company's liquidity is still scarce, the company's current production and operation has a certain impact.