Subrogation payment. i notice the company pay out almost 32...

Subrogation payment.

i notice the company pay out almost 32 millions in subrogation payment in 1H. However, this cash would need to be reclassify as trade receiveable.

yes, DXF pay out the guarantees to banks on behalf of clients. But on the other hand, they are now also entitle to the client’s assets. They can liquidate these assets, and recoup the 32 millions subrogation payment.. so what is the fuss all about? The money pay out as subrogation will be back in no time.. doesn’t justify the heavy fall in stock price. These subrogation payment are not losses.