Holly futures (03678) announced that the company recently learned that 36 million shares of A-shares held by Hongsu Industrial are subject to judicial enforcement...
Zhito Finance APP reported that holly futures (03678) announced that the company recently learned that 36 million shares of A-shares held by Hongsu Industrial are subject to judicial enforcement. Approximately 30.2333 million shares of A-shares (accounting for about 3% of the total issued share capital of the company as of the date of this announcement) will be executed from November 27, 2024, to February 24, 2025, through centralized bidding and block trading (potential stock changes). Among them, approximately 10.0778 million shares of A-shares (accounting for about 1% of the total issued share capital of the company as of the date of this announcement) will be executed through centralized bidding, and approximately 20.1556 million shares of A-shares (accounting for about 2% of the total issued share capital of the company as of the date of this announcement) will be executed through block trading.
Due to a dispute over the transfer of partnership property shares between AVIC Trust Co., Ltd. and certain entities including Hongsu Industrial, AVIC Trust applied to the Intermediate People's Court of Nam Cheong City, Jiangxi Province, for enforcement of the A-shares held by Hongsu Industrial. According to the court judgment dated November 20, 2024, the 36 million A-shares held by Hongsu Industrial are subject to enforcement, which will lead to potential stock changes.
