Beijing Huiyuan 60% Stake Frozen by Court; Huiyuan Group Alleges Fundamental Breach by Restructuring Party

Regulation
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The Beijing Third Intermediate People's Court has lawfully frozen the 60% stake in Beijing Huiyuan held by Zhuji Wenshenghui, corresponding to registered capital of 640.45178472 million yuan, with the freeze period lasting until July 16, 2029. The ruling stems from a lawsuit and asset preservation application filed by Huiyuan Group, alleging fundamental breach of contract by restructuring investor Shanghai Wensheng Asset Management and its designated entity Zhuji Wenshenghui. Huiyuan Group stated that Wensheng Asset and Zhuji Wenshenghui have long refused to fulfill the restructuring investment agreement, withholding 850 million yuan of the promised 1.6 billion yuan investment, and failing to use the 750 million yuan already invested for the operation and management of Beijing Huiyuan as agreed, constituting a fundamental breach. China Water Affairs, as a minority shareholder holding a 36.486% stake in Zhuji Wenshenghui, announced that it has not yet received the court's enforcement ruling, and the equity freeze does not affect its daily operations, but its right to dispose of the indirectly held Beijing Huiyuan-related equity will be restricted.

Impact on stocks 1

Off-coverage companies 4

上海文盛资产管理股份有限公司Private▼ Negative
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Court froze 60% stake in Beijing Huiyuan held by its designated entity Zhuji Wenshenghui due to alleged breach of contract

诸暨市文盛汇自有资金投资有限公司Private▼ Negative
Regulationrelevance

60% stake in Beijing Huiyuan frozen by court; entity is the designated investment vehicle of restructuring party

北京汇源食品饮料有限公司Private▼ Negative
Regulationrelevance

60% stake frozen by court; restructuring investor failed to fulfill investment agreement

汇源集团Private▲ Positive
Regulationrelevance

Huiyuan Group obtained court order freezing 60% stake of Beijing Huiyuan held by restructuring party

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