20CM two consecutive limit-up for MEICHEN SCI & TECH.: Due to overdue debts, the company may face related penalties, late fees, and other costs arising from this

Zhitong
2025.06.12 10:26

MEICHEN SCI & TECH. issued a notice of unusual movement, stating that its subsidiary Hangzhou Saishi Landscape Group Co., Ltd. and its subordinate companies have experienced temporary liquidity tightness due to the failure of some originally scheduled project payment funds to arrive as promised. This has resulted in the inability to repay some due debts on time, leading to an additional overdue debt principal totaling 11 million yuan. Due to the overdue debts, the company may face related penalties, late fees, and other costs arising from this situation. The company may also face risks of litigation and arbitration due to the overdue debts, which could have a certain impact on daily production and operations. Investors are advised to pay attention to investment risks

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