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ST Meichen announced a property owned by subsidiary Hangzhou Saishi Garden Group was sold at a judicial auction by the People's Court of Yuhang District, Hangzhou, on May 27, 2026, following a financial loan dispute. The highest bid was 11.102 millio

2026-05-28

ST Meichen announced a property owned by subsidiary Hangzhou Saishi Garden Group was sold at a judicial auction by the People's Court of Yuhang District, Hangzhou, on May 27, 2026, following a financial loan dispute. The highest bid was 11.102 million yuan. The sale remains subject to the court's auction confirmation. Company says the disposal should help the subsidiary assets unlock and mitigate debt risk; the precise financial impact will be determined by audit.

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