Asia Star Chemical: Shareholders holding more than 5% of the shares sold 13.19 million shares in a judicial auction.

date
25/12/2025
Yasheng Chemical announced that the judicial auction of 13,192,797 unrestricted tradable shares held by the company's shareholder Yasheng Group has ended, with all shares being sold, accounting for 3.40% of the total share capital. The bidder Wei Wei won the auction with a bid of 96.9776 million yuan. The final transaction will be based on the auction transaction ruling issued by the court, and there are uncertainties regarding the payment of the remaining amount and the transfer of equity. If the shares are successfully transferred, the transferee is not allowed to reduce their holdings within 6 months.