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Mecare Home: Mecare Group's 488 million shares held in the company are temporarily frozen
On the evening of March 5th, Meike Home announced that the 488 million shares held by the controlling shareholder, Meike Investment Group Co., Ltd. (hereinafter referred to as “Meike Group”), representing 33.99% of the company’s total share capital, have been placed under a freeze order, accounting for 100% of its holdings. The freeze was triggered by a loan dispute between the company and Jiangsu Asset Management Co., Ltd. (hereinafter referred to as “Jiangsu Asset Management”), involving approximately 117 million yuan.
It is understood that in September 2024, the company engaged in a debt restructuring loan with Jiangsu Asset Management, with Meike Group providing a guarantee. The loan was extended from September 2025 to September 2026. Recently, the company failed to make the debt restructuring compensation payment to Jiangsu Asset Management on time, leading Jiangsu Asset Management to file a lawsuit and request property preservation. According to the assistance enforcement notice (No. (2026) Su 02 Minchu 179) issued by the Wuxi Intermediate People’s Court in Jiangsu Province, the 488 million shares held by Meike Group have been placed under a freeze order.