GDMZH(SH:600382) Xin Lang Cai Jing·2025-09-29 10:37Core Viewpoint - Guangdong Mingzhu Group Co., Ltd. is currently involved in a legal dispute concerning its subsidiary, Guangzhou Valve Co., Ltd., with a total claim amounting to approximately 200 million yuan in principal and interest [1][2]. Summary by Sections Legal Proceedings Overview - On May 4, 2023, Guangzhou Valve informed the company of receiving a civil judgment from the Guangdong High People's Court [2]. - On June 16, 2023, the case was accepted for execution by the Zhaoqing Intermediate People's Court [2]. - On September 11, 2023, the court planned to auction properties owned by the defendants to settle the debts [2]. - The company has received various payments and property transfers as part of the execution process, including a total of 9,865,031.56 yuan in execution payments as of September 28, 2025 [3]. Latest Execution Developments - The latest payment received by Guangzhou Valve was 2,355,588.70 yuan on September 28, 2025 [3]. - The total amount received from the execution process includes various properties and cash payments, indicating ongoing efforts to recover the owed amounts [3]. - The uncertainty surrounding the execution results makes it difficult for the company to assess the impact on current and future profits [3].