UTime served in Hong Kong lawsuit over alleged loan guarantee, plaintiff seeks HK$ 20.4 million

Bitget2026/09/30 20:32

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UTime has been served with legal proceedings in Hong Kong High Court brought by Giant Credit.
Claim alleges UTime guaranteed another defendant’s loan obligations.
Plaintiff seeks about HK$20.4 million, including principal, interest, costs, plus any additional court-awarded amounts.
Company is reviewing the claim with counsel, plans to respond on deadline, expects to defend, cannot estimate potential loss.

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. UTime Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045119), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UTime served in Hong Kong lawsuit over alleged loan guarantee, plaintiff seeks HK$ 20.4 million

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