Huajin International Holdings (02738.HK) is expected to reach a settlement agreement with relevant creditors by the end of August.
The Financial Intelligence of the Intelligent Investment App, Huajin International Holdings (02738.HK), announced that two subsidiaries of the group have been included in the list of judgment debtors due to several debt disputes (mainly related to unpaid amounts under arrangements for goods delivery and financing leases), with a total amount of approximately 130 million yuan involved in the lawsuits, of which the outstanding amount as of April 30, 2026 is approximately 16 million yuan. The two subsidiaries, Mr. Xu Songqing, Executive Director and Chairman of the Board of Directors of the Company, as well as Mr. Chen Chuniu, Executive Director and CEO of the Company, who are also the legal representatives of the two subsidiaries, have all been subject to restrictions on consumption since November 25, 2025.
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