跨境通陷多起诉讼纠纷 全资子公司进入破产清算

Core Viewpoint - The company Cross-Border Communication is facing significant financial distress, with its wholly-owned subsidiary Shenzhen Safu Commercial Co., Ltd. entering bankruptcy proceedings and multiple lawsuits involving over 1.1 billion yuan in claims [1][2]. Group 1: Bankruptcy and Financial Status - Shenzhen Safu has been officially accepted for bankruptcy liquidation by the court due to an inability to repay debts, with a total asset value of 139 million yuan and total liabilities of 838 million yuan as of December 31, 2024, resulting in a net asset deficit of 699 million yuan [1]. - The financial situation worsened by September 2025, with total assets dropping to 78.49 million yuan and liabilities remaining at 813 million yuan, leading to a further net asset decline to 735 million yuan [1]. Group 2: Legal Proceedings and Financial Implications - Cross-Border Communication will lose control over Shenzhen Safu once the bankruptcy manager takes over, and Shenzhen Safu will be excluded from the consolidated financial statements of Cross-Border Communication [2]. - The company is involved in multiple legal disputes, with 15 cases in execution procedures totaling 445 million yuan, 5 completed cases totaling 294 million yuan, and 4 ongoing cases totaling 424 million yuan [2]. - A settlement was reached in a guarantee contract dispute involving its subsidiary Hong Kong Nansheng Co., Ltd., with a total liability of approximately 1.8294 million USD, which is expected to impact future profits by about 0.05 billion yuan [2][3].