ZHENRO PPT (06158) Controlling shareholder Ou Zongrong was taken mandatory measures due to suspicion of illegal activities.
Zhengrong Real Estate (06158) announced that the company has learned that Zhengrong Real Estate Holdings Limited (a wholly owned subsidiary of the company...)
ZHENRO PPT (06158) announces that the company has received a notice that ZHENRO PPT Holdings Limited (a wholly-owned subsidiary of the company) released an announcement on January 20, 2025 (after trading hours) on the Shanghai Stock Exchange. The announcement is related to Eu Zongrong (the controlling shareholder holding 45.73% of the company's issued shares) being subjected to coercive measures due to suspected illegal activities.
The company will timely disclose further information about the measures taken against Mr. Eu and the progress of the related case. Mr. Eu is not a director or senior management of the Group. As of the date of this announcement, all business operations of the Group remain normal, and the above-mentioned matter has not had any other impact on the Group's business operations.
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