Core Viewpoint - Chengdu Mingsheng Electronics Technology Co., Ltd. has announced that a portion of its convertible bond fundraising account has been frozen by the Sichuan Tianfu New District People's Court due to a dispute with Sichuan First Construction Engineering Co., Ltd. regarding a construction contract [1][2]. Group 1: Financial Impact - The frozen amount of 4,679,530.29 yuan represents 1.59% of the net amount raised from the convertible bonds and 0.29% of the company's audited net assets as of December 31, 2024 [2][4]. - The frozen funds account for 1.40% of the company's audited cash holdings as of December 31, 2024, and 2.80% of the cash holdings as of the end of the first quarter of 2025 [2][4]. - The remaining balance in the account is 78,566,036.43 yuan, indicating that the majority of the funds remain accessible for project implementation [2][3]. Group 2: Legal Proceedings - The court's freezing of funds is a procedural measure in response to a lawsuit filed by Sichuan First Construction Engineering Co., Ltd. regarding the payment of project warranty funds [2]. - The case has been filed but has not yet gone to trial, and the company is actively gathering evidence and preparing to defend its position [2][4]. - The company has submitted a request to the court for the replacement of the frozen assets and has received acceptance of this application [2]. Group 3: Operational Impact - The frozen funds are part of a dedicated account for the "Electronic Countermeasure Equipment Research and Production Center Construction Project," and the company asserts that the freezing will not significantly impact the project's implementation or the company's normal operations [3][4].
盟升电子: 关于募集资金专用账户部分资金被冻结的公告