Ruihe Decoration(SZ:002620) Shang Hai Zheng Quan Bao·2026-02-26 19:01Core Viewpoint - Shenzhen Ruihe Decoration Co., Ltd. is facing significant financial challenges, including overdue loans and a court ruling that allows for the freezing and seizure of its assets due to a loan dispute with a banking syndicate [2]. Group 1: Loan and Financial Status - The company applied for a credit facility from a banking syndicate on December 27, 2022, to refinance existing debts and support daily operations [1]. - As of March 2025, the company experienced overdue repayments on the aforementioned loans due to tight liquidity [1]. - By the end of May 2025, the company failed to repay the principal and interest on time, leading to the early maturity of the loans [1]. Group 2: Legal Proceedings - The company received an execution ruling from the Shenzhen Intermediate People's Court, which involved the freezing and seizure of assets worth approximately RMB 890,957,852.18 due to a loan contract dispute [2]. - The court's decision allows for immediate execution, and the company has the right to apply for a review within five days if it disagrees with the ruling [2]. Group 3: Company Response and Future Actions - The company is actively negotiating with the banking syndicate and related parties to seek understanding and resolve the situation [2]. - It plans to enhance efforts in collecting accounts receivable and improving cash flow management to address the financial issues [2].