Huajin International Holdings (02738.HK): Certain subsidiaries of the Group have become parties to a total of 53 newly filed civil enforcement proceedings.
Zhito Finance APP News, Huajin International Holdings (02738.HK) announced that the board of directors of the company has been informed that during the period from September 16, 2026 to October 13, 2026, certain subsidiaries of the group, namely Jiangmen Huajin Metal Products Co., Ltd. (Huajin), Jiangmen Huamu Hardware Co., Ltd. (Huamu) and Guangdong Huajin Industrial Co., Ltd. (Huajin Industrial), have become parties to a total of 53 newly initiated civil enforcement proceedings, which are being conducted in people's courts at various levels in Guangdong Province (including the People's Court of Xinhui District, Jiangmen City). These proceedings arise from commercial transactions in the ordinary course of business of the relevant subsidiaries, including raw material procurement and outstanding repayment obligations. Some of the applicants for enforcement are customers from whom the group has received advance payments, while others are suppliers to whom the group still has outstanding trade payables.
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