Zhujiang Holdings: The 620,000 yuan of frozen funds of its controlled subsidiary Jining Weneti have been unfrozen

NightAirdropper · 2026-03-12T10:23:56+00:00

Guangzhou Pearl River Development Group's holding subsidiary Jining Cultural and Sports' 620,000 yuan of frozen funds have been unfrozen. The unfreezing will help improve capital utilization efficiency. During the freeze period, there was no material impact on Pearl River Group's normal operations.

NightAirdropper

2026-03-12 10:23:56

Abstract generation in progress

Guanjia.com News: On March 10, Guangzhou Zhujiang Development Group Co., Ltd. announced that some of the frozen funds of its subsidiary Jining Cultural and Sports have been unfrozen.

According to the announcement, Jining Cultural and Sports’ basic account at Industrial Bank was previously frozen for 620,000 yuan due to a dispute over infringement liability. This situation has been disclosed twice before.

The unfrozen 620,000 yuan will help improve Jining Cultural and Sports’ capital utilization efficiency, and the previous freezing did not have a substantial impact on the normal operations of Zhujiang Group and its related subsidiaries.

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