On August 26th, Dianchi Water (03768.HK) announced that the company had noticed that the People's Court of Sichuan Pilot Free Trade Zone had published an auction notice on the JD.com judicial auction network platform. The notice stated that Kunming Dianchi Investment Co., Ltd., a controlling shareholder of the company, will auction off its holding of 58 million shares of the company (approximately 5.64% of the total shares) on the auction platform. According to the auction notice, the judicial auction will take place from 3:00 pm on September 8th, 2024 to 3:00 pm on September 9th, 2024 (excluding automatic bidding delays).
If the judicial auction and the aforementioned judicial sale are both completed, the number of shares held by Kunming Dianchi Investment in the company will be reduced to 356,746,893 shares (approximately 34.67% of the total shares).