LNGF(SZ:002717) Shang Hai Zheng Quan Bao·2026-01-09 21:01Core Viewpoint - The company, Lingnan Ecological Culture and Tourism Co., Ltd., is currently involved in a significant lawsuit concerning a financial loan dispute, with the court having accepted the case and it being in the first instance stage [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated by China Trust Commercial Bank Co., Ltd. against the Zhengzhou Municipal Housing and Urban-Rural Development Bureau, with the company acting as a third party [2][3]. - The amount involved in the lawsuit is approximately 112.16 million yuan, which includes principal, interest, penalties, and other fees [5]. - The company has a direct financial loan relationship with the plaintiff, having borrowed 50 million yuan at an interest rate of 5.6% and another 50 million yuan at 5.8% [5][6]. Group 2: Financial Implications - The company has not yet participated in the court hearings, making it difficult to assess the impact of the lawsuit on its financial performance [1][8]. - The company has outstanding receivables of approximately 355.33 million yuan from the defendant, which are currently pledged to the plaintiff due to the company's inability to repay its debts [6][8]. Group 3: Shareholder Judicial Auction - A significant shareholder's shares were scheduled for judicial auction but failed to attract any bids, resulting in a failed auction [10][11]. - The shareholder, Mr. Yin Hongwei, holds 5.56% of the company's total shares, and the failed auction is not expected to impact the company's operations significantly [10][11].