Mei Ri Jing Ji Xin Wen·2025-12-17 04:17Core Viewpoint - The crisis surrounding Xiangyuan Holdings has led to significant judicial freezes on shares of its listed companies, Xiangyuan Cultural Tourism and Jiaojian Co., raising concerns about their financial stability and operational continuity [1][3][6]. Group 1: Share Freezes and Financial Impact - Xiangyuan Cultural Tourism has over 600 million shares frozen, representing 58.08% of its total share capital, while Jiaojian Co. has 27.4 million shares frozen, accounting for 44.32% of its total share capital [2][3]. - The freezing of shares is primarily due to financial loan guarantee contract disputes and the transmission of debt risks from related platforms [3][7]. - The total amount of overdue financial products issued by Xiangyuan Holdings exceeds 10 billion, linked to unsold and halted real estate projects [1][6]. Group 2: Government Intervention - A support team from Shaoxing City has been established to assist Xiangyuan Holdings, aiming to understand the operational difficulties and provide legal support to stabilize the company's operations [1][5]. - The government is actively investigating the financial issues surrounding Xiangyuan Holdings to ensure compliance with legal obligations and protect investor rights [6][7]. Group 3: Shareholder and Management Actions - Xiangyuan Holdings' major shareholders have been involved in frequent share pledges and releases, indicating potential liquidity issues [2][4]. - The companies assert that their actual controllers and major shareholders maintain independence in terms of assets, business, and finances, despite the high percentage of frozen shares [6][7]. - The stock price of Xiangyuan Cultural Tourism has dropped by 27.54% since December 4, reflecting market concerns over the ongoing financial crisis [7].