Chunxing Precision and its subsidiary Jinzhai Chunxing have been sued by Jinzhai Huijin Investment Co., Ltd. over a loan contract dispute, with the total amount involved reaching approximately 166 million yuan. According to the announcement, between 2019 and 2022, Jinzhai Chunxing signed multiple loan contracts with the plaintiff, with the total principal amounting to about 166 million yuan. From 2025 to 2026, Jinzhai Chunxing entered into several chattel mortgage contracts with the plaintiff using all of its equipment. The plaintiff is seeking a court order for Jinzhai Chunxing to repay all loan principal and interest, and for Chunxing Precision to bear joint guarantee liability. The case has been accepted by the court but has not yet been heard.
SuZhou ChunXing Precision Mechanical Co LtdCompany faces lawsuit over loan dispute with joint guarantee liability.
Subsidiary sued for repayment of loan principal and interest.
