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SHA:600363

4 stories mentioning SHA:600363Updated 31m ago

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Asia

Lian Chuang Optoelectronic's 20% Stake in Hongfa Electroacoustic Gets Frozen

Jiangxi Lian Chuang Optoelectronic Science and Technology (SHA:600363) said its 20% equity interest in investee company Xiamen Hongfa Electroacoustic has been frozen for three years starting Aug. 28.The freeze stems from a financial leasing contract dispute between subsidiary Lianchuang Zhiguang and Yongying Financial Leasing, which applied for property preservation, according to a Wednesday filing with the Shanghai bourse.Shares of the Chinese photoelectric components and telecommunication cables manufacturer closed 6% lower Wednesday.

SHA:600363
Asia

Jiangxi Lian Chuang Optoelectronic Adds 531 Million Yuan as New Overdue Loans

Jiangxi Lian Chuang Optoelectronic Science and Technology (SHA:600363) and its two subsidiaries have added 531 million yuan to their overdue financial institution loans, 11.90% of the Company's latest audited net assets, according to a Thursday filing to the Shanghai stock exchange.With this, the total overdue financial institution loans and bills of exchange of the company and its subsidiaries stand at around 1.44 billion yuan, equivalent to 32.26% of the company's latest audited net assets.

SHA:600363
Asia

Jiangxi Lian Chuang Optoelectronic Science and Technology Controlling Shareholder Gets Court Share Freeze Order

A court in China placed the shares of Jiangxi Lian Chuang Optoelectronic Science and Technology (SHA:600363) controlling shareholder Jiangxi Provincial Electronics Group under a subsequent judicial freeze order, according to a Tuesday filing with the Shanghai bourse.The People's Court of Honggutan District in Nanchang ordered the advanced freezing of 142.3 million shares or 31.56% of the listed company's total stock.Jiangxi Provincial Electronics holds 86.8 million shares, or 19.25% of the LED chip maker's total share capital.

SHA:600363
Asia

Lian Chuang Optoelectronic Warns of Potential Litigation, Asset Freeze Amid Debt Default

Jiangxi Lian Chuang Optoelectronic Science and Technology (SHA:600363) warned of potential litigation, account freezes and asset seizures from loan and bill defaults.The Chinese electrical and electronic manufacturing company and its marketing center subsidiary have overdue financial loans and commercial bills totaling 505.7 million yuan, exceeding 10% of audited net assets, according to a Wednesday filing with the Shanghai bourse.The photoelectric components and telecommunication cables manufacturer is now seeking new financing, negotiating debt extensions and accelerating receivables collection.

SHA:600363

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