St Gaosheng (000971): Property Preservation Before Litigation
St Gaosheng (000971) announced in the evening of June 17 that the Beijing Chaoyang Court accepted the case of property preservation before the company's lawsuit, upon the application of the company's shareholders Liu Fengqin, Fu Gangyi, Fang Yu and Li Wei. According to the civil ruling (2022) No. 407, 408, 409 and 410 of the financial protection of the company, the court has frozen an account opened by Beijing Qinghua Yuan Branch of China Merchants Bank for 12 months, From April 27, 2022 to April 27, 2023.
The company's frozen account balance is about 460000 yuan. The account is a general account used by the company to handle daily expenses and other capital activities. In the early stage, it has been frozen by Ningbo Huahu yinkeyi Investment Center (limited partnership), the company's illegal guarantee creditor (freezing period: 2020.09.28-2022.09.28). The freezing of the account will not affect the normal production and operation of the company. The company will continue to pay attention to the progress of the relevant information and fulfill its obligations in accordance with the relevant provisions.
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