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Jiu Rong settles two United Bank lawsuits covering RMB 158.98 million loans

PUBT·07/17/2026 14:00:56
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Jiu Rong settles two United Bank lawsuits covering RMB 158.98 million loans
  • Reached court-signed settlements in 2 of 5 lawsuits brought by Hangzhou United Rural Commercial Bank, with repayment terms tied to original loan contracts.
  • RMB 153 million loan: RMB 18 million due by June 20, 2027; remaining RMB 135 million repaid under the original schedule; interest continues to accrue.
  • RMB 5.98 million loan: principal due by Oct. 31, 2026; interest and penalties totaled RMB 152,682.82 as of July 7, 2026.
  • Missed payments would allow debt acceleration and court enforcement, with priority claims on proceeds from mortgaged assets.
  • Three remaining cases are still being heard; some bank accounts remain frozen, limiting near-term liquidity management.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jiu Rong Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260717-12248820), on July 17, 2026, and is solely responsible for the information contained therein.