FilingReader Intelligence
Shunfeng faces delays recovering 41m yuan disposal proceeds
August 1, 2025 at 05:08 AM UTC•By FilingReader AI
Shunfeng International Clean Energy reported delays collecting 41m yuan from 2019-2021 disposals due to pending subsidy reviews, commercial bill settlements and legal disputes over land certificates.
An additional 35m yuan from a forced sale is expected between September-December 2025. The company faces a winding-up petition with the next court hearing scheduled for August 25, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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