YJFC(SH:600265) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-06 23:47Core Viewpoint - The company, Yunnan Jinggu Forestry Co., Ltd., is currently involved in a legal dispute with Cangzhou Bank regarding loan repayment, with a total amount in question of approximately 148.25 million RMB, which includes principal and interest [3][4]. Group 1: Lawsuit Details - The lawsuit has been officially accepted by the High Court of Gaobeidian, but has not yet gone to trial [2][3]. - The company is a defendant in the case, alongside its former subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., and two individuals [3][5]. - The lawsuit stems from a loan agreement where the bank has demanded early repayment of loans totaling 148.25 million RMB due to alleged defaults by the borrower [4][5]. Group 2: Financial Implications - The lawsuit involves claims for repayment of three separate loans, with outstanding amounts of 92.15 million RMB, 20 million RMB, and 36.1 million RMB, respectively, along with accrued interest [6][8]. - The interest rates on the loans are set at 4.5% until November 2, 2025, and 6.75% thereafter until full repayment [6][8]. - The bank has also requested that the court allow for the liquidation of collateral, including real estate and equipment, to satisfy the debts [6][8]. Group 3: Company Position and Actions - The company asserts that it has not provided any legal guarantees for the loans in question and does not bear any liability for the debts of its former subsidiary [12]. - The company is taking steps to address the situation, including conducting a special assessment and considering legal actions to protect its interests [12]. - The freezing of the subsidiary's shares has created significant uncertainty regarding ongoing business restructuring and registration processes [12].