Huawen(SZ:000793) Shang Hai Zheng Quan Bao·2025-10-09 20:25Core Viewpoint - The company, Huawen Media Investment Group Co., Ltd., is currently involved in a legal case regarding debt guarantees for its wholly-owned subsidiary, Hainan Huawen Jincheng Investment Co., Ltd., which has defaulted on its obligations [2][5]. Debt Default and Guarantee Overview - In March 2021, the company provided a joint liability guarantee for Hainan Huawen Jincheng's obligations under a trust plan with a principal amount not exceeding 200 million yuan [2]. - Hainan Huawen Jincheng has paid a total of 125 million yuan for certain stock rights but still owes 72.89 million yuan for additional stock rights [2]. Legal Proceedings - The Shanghai Jiading District People's Court has been involved in the case, with hearings held on March 28, 2025, and again on June 27, 2025, after adding China Construction Bank as a third party [5]. - The court's judgment requires Hainan Huawen Jincheng to pay 72.89 million yuan to the plaintiff, Jianxin Trust, along with additional fees and penalties [6]. Judgment Details - The judgment specifies that if Hainan Huawen Jincheng fails to fulfill its payment obligations, Jianxin Trust can claim against the pledged shares of Donghai Securities held by Hainan Huawen Jincheng [6]. - The company and another entity, Guoshi Communications (Shanghai) Co., Ltd., are jointly liable for the debts of Hainan Huawen Jincheng [6]. Additional Information - The company has disclosed this information through designated media channels and will continue to monitor the situation [8].