FilingReader Intelligence
ST Jinggu subsidiary faces asset freeze over debt
August 12, 2025 at 06:24 AM UTC•By FilingReader AI
Tangxian Huiyin Timber now faces six lawsuits totaling approximately 66.90 million yuan in principal, representing 70.34% of ST Jinggu's last audited net assets.
The subsidiary also has an additional 30.89 million yuan in outstanding debt from previous controlling shareholders. ST Jinggu remains under risk warning from the Shanghai Stock Exchange due to negative net profits.
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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