FilingReader Intelligence
Yunnan Jinggu Forestry subsidiary faces asset freeze amid lawsuits
August 9, 2025 at 05:17 AM UTC•By FilingReader AI
Yunnan Jinggu Forestry's controlling subsidiary Huitong Wood has had assets worth RMB10.9 million seized by Tangxian People's Court over a civil loan dispute.
The subsidiary faces five lawsuits totalling RMB59.7 million in principal, representing 62.77% of the company's net assets. Former controllers and the subsidiary owe an additional RMB30.9 million in outstanding loans.
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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