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ST Miki announced that the company and its wholly-owned subsidiary Miki C&D were sued by the Fuzhou branch of China CITIC Bank. The total amount involved was about 778.04 million yuan. In case 1, the company was required to repay the principal amount of the loan of 7 million yuan and interest, with a total target amount of 7.084,900 yuan; in case 2, Miki C&D was required to repay 70 million yuan of loan principal and interest, and the company bears joint and several guarantees. In both cases, due to failure to pay interest on time, the plaintiff announced that the loan matured early. The case has been filed and will be heard on August 17, 2026. The outcome and impact on profits are uncertain. In addition, the company and its subsidiaries also have about $82.252 million in small claims lawsuits that have not been disclosed.
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ST Miki announced that the company and its wholly-owned subsidiary Miki C&D were sued by the Fuzhou branch of China CITIC Bank. The total amount involved was about 778.04 million yuan. In case 1, the company was required to repay the principal amount of the loan of 7 million yuan and interest, with a total target amount of 7.084,900 yuan; in case 2, Miki C&D was required to repay 70 million yuan of loan principal and interest, and the company was jointly and severally liable for guarantees. In both cases, due to failure to pay interest on time, the plaintiff announced that the loan matured early. The case has been filed and will be heard on August 17, 2026. The outcome and impact on profits are uncertain. In addition, the company and its subsidiaries also have about $82.252 million in small claims lawsuits that have not been disclosed.
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