According to the legal proceedings information available on Tianyancha, Shanghai Huiyong Automobile Sales Co., Ltd. has recently been subject to new equity freeze developments. Specifically, the equity, valued at a staggering 5.8 billion yuan, belonging to China Grand Automotive Services Group Co., Ltd. (the entity against whom enforcement is being carried out), has been frozen. This freeze will remain in effect for a duration of three years, with the enforcement being executed by the Intermediate People's Court of Handan City, Hebei Province.
Shanghai Huiyong Automobile Sales Co., Ltd., founded in November 2014, has Yu Mei as its legal representative and boasts a registered capital of 10.4 billion yuan. Its business scope encompasses the sales, leasing, and business consulting services related to automobiles and spare parts. The company is jointly owned by China Grand Automotive Services Group Co., Ltd. and other shareholders.