Fujian Sanmu Group Co LtdCourt judicially froze equity of its controlling subsidiary Yingke Huijin in a contract dispute over ~7.6M yuan, with other undisclosed litigation totaling 69.43% of net assets.

ST Sanmu announced that part of the equity of its controlling subsidiary Yingke Huijin Qingdao Private Equity Fund Management Company Limited has been judicially frozen by the Hangzhou Shangcheng District People's Court. The frozen equity amount is 7.0982 million yuan, and the freeze period runs from 24 August 2026 to 23 August 2029. The freeze is a property preservation measure taken by the court in a contract dispute between Zheshang Asset Management and the company and its subsidiary Sanmu Yingxiu. The case involves debt management service fees of about 7.28 million yuan plus liquidated damages, with a total amount in dispute of about 7.6072 million yuan, and is scheduled for hearing on 22 October 2026. The company said this equity freeze will not cause a change in its shareholding ratio and does not represent the court's final determination of substantive rights and obligations. As of the announcement date, other minor litigation and arbitration matters involving the company and its subsidiaries that have not reached the disclosure threshold total about 83.7691 million yuan, accounting for 69.43 percent of the most recent audited net assets.
Fujian Sanmu Group Co LtdCourt judicially froze equity of its controlling subsidiary Yingke Huijin in a contract dispute over ~7.6M yuan, with other undisclosed litigation totaling 69.43% of net assets.
Part of its equity (7.0982M yuan) was judicially frozen by the Hangzhou Shangcheng District People's Court from Aug 2026 to Aug 2029.
Named as a party in the contract dispute with Zheshang Asset Management that led to the judicial freeze of Yingke Huijin's equity.