Holly Futures (03678): The 14.7159 million shares of Company A's stock held by Hongsu Industrial are subject to judicial enforcement.
Hongye Futures (03678) has issued an announcement that the company recently learned that Hongsu Industrial holds 14.7159 million A shares...
Holly Futures (03678) announced that the company recently learned that 14,715,900 shares of A shares (approximately 1.46% of the total issued share capital as of the date of this announcement) held by Hong Su Industry have been subject to judicial compulsory execution. The execution will take place between September 27, 2024, and December 25, 2024, through centralized bidding and block trading. Among them, 10,077,800 shares of A shares (approximately 1% of the total issued share capital as of the date of this announcement) will be executed through centralized bidding, and 4,638,200 shares of A shares (approximately 0.46% of the total issued share capital as of the date of this announcement) will be executed through block trading.
Due to a dispute over the transfer of partnership enterprise property shares involving China Aviation Trust Co., Ltd. and some entities including Hong Su Industry, China Aviation Trust applied to the Intermediate People's Court of Nanchang City, Jiangxi Province, for the execution of the A shares held by Hong Su Industry. According to the court judgment on August 30, 2024, the 14,715,900 shares of A shares held by Hong Su Industry will be executed, which will result in potential changes in shareholdings.
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