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Hengrun shares: Shareholders holding more than 5% will have 12.8 million shares held by Chengli Xin auctioned judicially.
On February 26, Jinshi Data reported that Hengrun Stock announced that the 12.8 million shares of the company held by Chenglixin, a shareholder with more than 5% stake, will be auctioned by the court, accounting for 17.08% of its holdings and 2.90% of the total share capital of the company. The auction is due to a contractual dispute. Chenglixin is not a controlling shareholder or actual controller of the company. The auction of its shares will not lead to a change in the company’s control, nor will it affect the company’s daily operations and management.