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An update from Huajin International Holdings Ltd. ( (HK:2738) ) is now available.
Huajin International Holdings has disclosed that two of its mainland subsidiaries have become subject to enforcement actions over debt disputes linked mainly to failure to arrange delivery of goods and unpaid amounts under finance lease arrangements. The aggregate amount in dispute is about RMB130 million, with roughly RMB16 million remaining unsettled as of 30 April 2026, and Chinese courts have imposed consumption restriction orders on executive director and chairman Xu Songqing and executive director and CEO Chen Chunniu, which limit certain high-level personal expenditures until the obligations are fulfilled.
The company said the restriction orders remain in force but noted that the group has been making payments to creditors and that Xu and Chen are actively negotiating with each creditor to improve settlement terms and repayment schedules. The update underscores ongoing liquidity and credit pressure on the group while signaling efforts to regularize its debt position, a situation that may weigh on investor confidence and operational flexibility until a comprehensive resolution is reached.
More about Huajin International Holdings Ltd.
Huajin International Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries engaged in metals-related businesses in mainland China. The group’s activities involve trading and processing of metal products and related finance lease arrangements, positioning it within the broader industrial and commodities supply chain.
Average Trading Volume: 109,266
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$107.4M
See more insights into 2738 stock on TipRanks’ Stock Analysis page.