ST Meigu Wins Final Appeal as Guangdong High Court Dismisses Lawsuit by Kinghand Holdings and Others

Regulation
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Summary · why it matters

ST Meigu announced that the Guangdong Provincial High Court has issued a final appellate ruling dismissing the lawsuit brought by Kinghand Holdings Group Company Limited, Tian Han, and Li Li against the company. The case originated from the three plaintiffs filing a suit over tort liability disputes, seeking a judgment that Shenzhen Aoyuan Kexing Investment Company Limited, ST Meigu, China Cinda Guangdong Branch, Aoyuan Group, and China Aoyuan colluded to pursue guarantee debts from them, and demanding compensation for uncollected guarantee fee losses of 45.98 million yuan. Meanwhile, the Guangdong High Court ruled that the Guangzhou Intermediate Court should continue hearing the lawsuit by Kinghand Holdings, Tian Han, and Li Li against China Cinda Guangdong Branch and China Aoyuan Group Company Limited. In the first quarter of 2026, ST Meigu reported revenue of 148 million yuan and a net loss attributable to the parent company of 216 million yuan.

Impact on stocks 2

Financials▲ · 1 stocks
China Cinda Asset Mgmt Co Ltd
1359
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Court ruling dismisses lawsuit against ST Meigu, but China Cinda Guangdong Branch remains a defendant in the continuing case.

Real Estate▲ · 1 stocks

Off-coverage companies 1

深圳奥园科星投资有限公司Private▼ Negative
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ST Meigu wins final appeal, dismissing lawsuit against it, but the company still faces losses and the case continues for other defendants.

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