---
title: "YJFC: The holding subsidiary is involved in litigation, and assets have been frozen"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257315496.md"
description: "36Kr learned that ST YJFC announced that its controlling subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., has been sued in court due to a private lending dispute, involving an amount of 6.51 million yuan in principal and corresponding interest. Currently, 9 bank accounts of Huiyin Wood Industry have been frozen, and 2 production lines have been shut down, making it impossible to estimate the time for Huiyin Wood Industry to resume operations. This will have an adverse impact on the company's production and operations. At the same time, according to the company's 2025 semi-annual report, the company's operating performance for the first half of 2025 has further declined, and there is significant uncertainty regarding its ability to continue operations"
datetime: "2025-09-15T08:21:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257315496.md)
  - [en](https://longbridge.com/en/news/257315496.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257315496.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/257315496.md) | [繁體中文](https://longbridge.com/zh-HK/news/257315496.md)


# YJFC: The holding subsidiary is involved in litigation, and assets have been frozen

36Kr learned that ST YJFC announced that its controlling subsidiary Tangxian Huiyin Wood Industry Co., Ltd. has been sued in court due to a private lending dispute, involving an amount of 6.51 million yuan in principal and corresponding interest. Currently, 9 bank accounts of Huiyin Wood Industry have been frozen, and 2 production lines have been shut down, making it impossible to estimate the time for Huiyin Wood Industry to resume operations. This will have an adverse impact on the company's production and operations. Meanwhile, according to the company's semi-annual report for 2025, its operating performance for the first half of 2025 has further declined, and there is significant uncertainty regarding its ability to continue operations

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