YJFC(SH:600265) Mei Ri Jing Ji Xin Wen·2026-01-07 01:18Core Viewpoint - ST Jinggu (SH600265) is facing significant legal and financial challenges due to its subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., being involved in multiple lawsuits and financial disputes, which may impact its operations and asset management [1][2][3]. Group 1: Legal Issues and Financial Obligations - Tangxian Huiyin Wood Industry has been involved in 32 legal cases related to private lending, with a total principal amount exceeding 210 million yuan [1]. - On January 6, 2026, Cangzhou Bank filed a lawsuit against Tangxian Huiyin Wood Industry and ST Jinggu, claiming a financial loan dispute with a principal amount of 148 million yuan [2]. - The lawsuit stems from three loan agreements totaling 200 million yuan signed in March 2023, with collateral provided by industrial land and equipment [2][3]. Group 2: Corporate Governance and Asset Management - ST Jinggu had previously planned to transfer its 51% stake in Tangxian Huiyin Wood Industry, but this plan has been complicated by the freezing of the subsidiary's shares and the disappearance of its original controlling shareholders [1][4]. - The Shanghai Stock Exchange has raised concerns regarding the asset transfer, particularly about the substantial debts and legal restrictions on the subsidiary's assets [4]. - ST Jinggu asserts that it has not provided any legal guarantees for the loans taken by Tangxian Huiyin Wood Industry and is not liable for any compensation related to these debts [4][5].