Tai United: RMB62.40 Million Subsidiary Deposits Seized by PRC Court; Company Reports No Material Impact

Bulletin Express

05/15

Tai United Holdings Limited (Tai United) disclosed that a combined RMB62.40 million in onshore bank deposits held by its subsidiaries Jinzhou Jiachi and Guangzhou Rongzhi has been withdrawn and transferred to accounts controlled by a court in mainland China. The figure represents all funds moved up to 28 April 2026, the date of the company’s prior announcement on the matter.

Tai United stated that, as of 15 May 2026, the seizure has not had a material effect on its overall operations or financial position, citing the self-sustaining nature of its business activities.

The board has advised shareholders and potential investors to exercise caution when trading the company’s securities. The current board comprises two executive directors (Su Shigong, Yang Yuhua), one non-executive director (Lu Yunsong) and three independent non-executive directors (Gao Bin, Leung Ting Yuk, Song Yanjie).

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The figure represents all funds moved up to 28 April 2026, the date of the company’s prior announcement on the matter.</p>\n<p>Tai United stated that, as of 15 May 2026, the seizure has not had a material effect on its overall operations or financial position, citing the self-sustaining nature of its business activities.</p>\n<p>The board has advised shareholders and potential investors to exercise caution when trading the company’s securities. The current board comprises two executive directors (Su Shigong, Yang Yuhua), one non-executive director (Lu Yunsong) and three independent non-executive directors (Gao Bin, Leung Ting Yuk, Song Yanjie).</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00718","symbol_name":"太和控股","start_time":0,"source_url":"","article_id":"1175071820","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175071820","pubTimestamp":1778835812,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Tai United Holdings Limited (Tai United) disclosed that a combined RMB62.40 million in onshore bank deposits held by its subsidiaries Jinzhou Jiachi and Guangzhou Rongzhi has been withdrawn and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00718":"太和控股"},"translate_title":"泰联合：被中国法院查封的子公司存款人民币6,240万元；公司报告无重大影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00718":1},"content_text":"Tai United Holdings Limited (Tai United) disclosed that a combined RMB62.40 million in onshore bank deposits held by its subsidiaries Jinzhou Jiachi and Guangzhou Rongzhi has been withdrawn and transferred to accounts controlled by a court in mainland China. The figure represents all funds moved up to 28 April 2026, the date of the company’s prior announcement on the matter.\nTai United stated that, as of 15 May 2026, the seizure has not had a material effect on its overall operations or financial position, citing the self-sustaining nature of its business activities.\nThe board has advised shareholders and potential investors to exercise caution when trading the company’s securities. The current board comprises two executive directors (Su Shigong, Yang Yuhua), one non-executive director (Lu Yunsong) and three independent non-executive directors (Gao Bin, Leung Ting Yuk, Song Yanjie).","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}