FilingReader Intelligence
Yunnan Jinggu Forestry divests subsidiary amid financial troubles
August 16, 2025 at 05:30 AM UTC•By FilingReader AI
Yunnan Jinggu Forestry will transfer its 51% stake in Huiyin Wood Industry to controlling shareholder Zhou Dafu Investment. The divestment follows the subsidiary's poor performance, civil lawsuits totaling approximately 95.15 million yuan, and a 19 million yuan inventory loss.
Huiyin Wood Industry has ceased production due to asset preservation measures and expects significant revenue decline.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Indicative announcement regarding the planning of asset sale involving a major asset restructuringAugust 15, 2025 at 08:00 AM UTC
Announcement on the progress of asset preservation measures taken against a controlling subsidiaryAugust 15, 2025 at 08:00 AM UTC
Announcement on abnormal fluctuations in stock tradingAugust 15, 2025 at 08:00 AM UTC
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