Kunming Dianchi Water Treatment Co., Ltd. Class H (HK:3768) has released an update.
Kunming Dianchi Water Treatment Co., Ltd. has announced that its controlling shareholder’s equity interest has been frozen due to enforcement actions by various People’s Courts in China. The freeze affects a significant 60.95% of the company’s equity, held by Kunming Dianchi Investment, and is in response to notarized debt disputes. Additionally, a portion of the shares is being auctioned on the Alibaba Online Judicial Auction Platform after a failed first attempt.
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