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Quzhou Development: Xinhu Group was forcibly sold 0.26% of its shares by the judiciary
Quzhou Development Announcement, New Lake Group has been judicially forced to sell 22,256,400 shares of the company due to a contractual dispute, accounting for 0.26% of the total share capital, with a reduction price range of 3.14 to 3.96 yuan per share, amounting to 78.5523 million yuan. After the disposal, New Lake Group holds 504 million shares, accounting for 5.93%; together with its concerted actors, they hold a total of 2.362 billion shares, accounting for 27.76%.