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Dayou Energy: Company bank account funds frozen for 104 million yuan
Datong You Energy announced that, due to two lawsuits, the company’s bank account funds totaling 104 million yuan have been frozen. Case 1 involves Shangrao Shantou Trading Co., Ltd., with a disputed amount of 888.784 million yuan; Case 2 involves Jiangxi Tongyuan International Supply Chain Co., Ltd., with a disputed amount of 593.195 million yuan. The company stated that the cases have not yet gone to trial, and that the outcome of the litigation remains uncertain; therefore, it is currently unable to determine the impact on the company’s profits.