ST景谷：拟收购标的业绩变脸 业绩承诺期内甩卖是否审慎遭问询

Group 1 - The core issue revolves around ST Jinggu's proposed sale of a 51% stake in Huiyin Wood Industry to its controlling shareholder, Chow Tai Fook Investment, which has raised multiple inquiries from the Shanghai Stock Exchange regarding the major asset restructuring plan [1] - The company completed the acquisition of the 51% stake in Huiyin Wood in 2023, but the target company is expected to incur significant losses in 2024 and a substantial decline in performance in 2025 due to a civil litigation lawsuit leading to suspension of operations [1] - The Shanghai Stock Exchange has requested clarification on the prudence of the initial acquisition, the authenticity and completeness of the restructuring report and financial data, as well as the reasons for Huiyin Wood's performance decline and the rationality of performance forecasts and commitments [1] Group 2 - The inquiry also focuses on the repayment arrangements for fund borrowing, specifically the 13.26 million yuan principal and interest owed by Huiyin Wood, the expected scale on the delivery date, and the sources of funds for repayment [2] - The exchange has raised concerns regarding Huiyin Wood's involvement in a 313 million yuan civil loan lawsuit and the early maturity of 148 million yuan in bank loans, requesting explanations on the adequacy of expected liability provisions, risk isolation measures, and the status of bank creditors' consent [2] - Additionally, the company is required to disclose details regarding impairment-related receivables and to assess the accuracy of significant impairment provisions, considering the situation of asset freezes [2]