Shoukai Shares faces CNY 472.4m lawsuit regarding subsidiary debt

Beijing Capital Development (SSE:600376) announced that its subsidiary, Pingtai Company, has received a favorable first-instance judgment in its lawsuit against Jinke Suzhou regarding an unpaid loan. The Suzhou Intermediate People's Court ordered Jinke Suzhou to repay the principal of CNY 472,379,500 plus overdue fees calculated at four times the one-year loan prime rate quoted by the National Interbank Funding Center since September 1, 2024. Additionally, Jinke Suzhou must cover CNY 300,000 in Pingtai Company's attorney fees. However, this is a first-instance judgment and, pending appeal, the final outcome remains uncertain. The company cautions investors regarding the potential impact on future profits.