Last night, Blue Light Development (600466.SH) disclosed an announcement about three major lawsuits, with the amount involved reaching 102 million yuan. The announcement stated that due to the company's liquidity tension and debt risks, some financial institutions and cooperation

2025/05/1316:37:33 finance 1472

Last night, Blu-ray Development (600466.SH) disclosed an announcement about three major lawsuits, with the amount involved reaching .102 billion .

announced that due to the company's liquidity tension and debt risks, some financial institutions and cooperation have filed lawsuits or arbitrations against the company.

Picture source: Oriental Fortune Network

Specifically, among these 3 litigation cases, Blue Light Development was the plaintiff in 1 case, and the remaining 2 litigation cases were the defendants. The companies involved in

are Chengdu Jinxin Trading Co., Ltd., Beijing Guodian ZTE Power Construction Engineering Co., Ltd. and China Minsheng Bank Co., Ltd. Wuhan Branch.

The reasons are sales contract disputes, construction project construction contract disputes and financial loan contract disputes.

announcement stated that the company is currently actively communicating and negotiating processing plans with relevant parties to ensure the company's continued operation.

If the court subsequently takes relevant asset disposal and other measures for the project involved in the case, it will have a significant adverse impact on the company's continued operation.

It is reported that since the liquidity crisis occurred in Blu-ray Development in 2020, the company's shares have been auctioned many times.

As of now, the total market value of Blu-ray Development is approximately 3.763 billion.

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