FilingReader Intelligence
Shanghai Broadband faces 348m yuan fund occupation challenge
July 30, 2025 at 05:02 AM UTC•By FilingReader AI
Shanghai Broadband Technology has 348.6 million yuan in non-operating funds occupied by former controlling shareholder Nanjing Sweet Group and affiliates.
The sum represents 921.63% of the company's most recent audited net assets. The occupation dates from 2000-2007 and persists despite legal efforts.
The company plans to publicly list all related creditor's rights for transfer.
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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