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*ST Huaxi (002630.SZ): Partial Debt of Controlling Subsidiary Overdue
Gelonghui, May 7th ┃ *ST Huaxi (002630.SZ) announced that Qianxi Huaxi Medical Investment and Construction Co., Ltd. (hereinafter referred to as "Qianxi Huaxi"), a holding subsidiary of Huaxi Energy Industry Co., Ltd. with a 51% stake, applied for a total project loan of 6 billion yuan from the Qianxi County Branch of the Agricultural Development Bank of China in 2019 due to the need for project investment and construction. The loan was exclusively used for the investment and construction of the "Qianxi County Healthcare Standardization PPP Project" (hereinafter referred to as "Qianxi PPP Project"). In September 2019, Qianxi Huaxi signed a Loan Agreement with the Qianxi County Branch of the Agricultural Development Bank of China.
ST Huaxi: First Quarter Report for 2026
ST Huaxi: 2025 Annual Report
ST Huaxi: Summary of the 2025 Annual Report
ST Huaxi's Debt Overdue, Delisting Risks Continue to Escalate | Quick Read Announcement
①ST Huaxi has failed to repay two bank loans totaling 28 million yuan on time, resulting in a debt default. The company plans to offset the debt using the balance in its bank guarantee account, and relevant proposals are currently under discussion with the bank; ②In addition to debt risks, the company is also mired in multiple operational crises, including insolvency, numerous lawsuits, and its stock not only being subject to other risk warnings but also facing the severe situation of potential dual delisting risk alerts.
March 12 A-share Investment Risk Alert | Gao Weida: Shareholder UnionPay Technology Plans to Reduce Stake by Up to 2.43%
Yandong Micro's shareholder, the National Integrated Circuit Fund, has cumulatively reduced its holdings by 18.9098 million shares of the company; Everbright Jiabao's shareholder, Jiading Technology Investment, has sold 7.4984 million shares of the company; Hunan Baiyin's shareholder, Great Wall Asset Management, has cumulatively reduced its holdings by 1%; Goworld's shareholder, UnionPay Technology, plans to reduce its holdings by no more than 2.43%; Centec Communications' shareholder, the Big Fund, has sold 4.1 million shares of the company; Sanyou Medical's shareholder, Liu Mingyan, has cumulatively reduced holdings by 0.78%; ST Huaxi stated that part of the company’s debt is overdue and subject to debt offset; Zhunyou Shares terminated its issuance of shares to specific objects and withdrew its application documents.