The company set up a committee to start refunding its lenders after “months” of losses, Yidai said in statements over the extended holiday weekend. Yidai, which received investment from SB China Capital (SBCVC) in 2014, also said shareholders and executives aren’t allowed to leave the country. Authorities are planning to wind down small- and medium-sized P2P lending platforms nationwide, people with knowledge of the matter had earlier said.
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