Kunming Dianchi Water Treatment Co., Ltd. Class H (HK:3768) has released an update.
Kunming Dianchi Water Treatment Co., Ltd. reported that the second judicial auction of 23.86% of its shares held by its controlling shareholder, Kunming Dianchi Investment, was unsuccessful with no bids placed. The company’s total shares held by Kunming Dianchi Investment, accounting for 64.16%, are under judicial freeze, and the company will keep the market updated on any significant developments. Shareholders and investors are cautioned to be prudent when trading the company’s securities.
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