ST Zhongdi: The controlling shareholder's 23.77% stake will be auctioned off by the court.

In an announcement from ST Zhongdi, it was stated that the controlling shareholder Runhong Fuchuang holds 71.14 million shares of the company's stock, accounting for 23.77% of the total share capital, which will be publicly auctioned at Alibaba Assets Judicial on September 24th to 25th, 2025. This auction is due to a debt dispute, and if successful, the company's control may change. As of June 30th, 2025, the company's wholly-owned subsidiary, Meiheng Real Estate, still owes a total of 564 million yuan in principal, interest, penalty interest, and compound interest to the Three Gorges Bank. The auction is still in the public notice stage, and may involve subsequent bidding, payment, equity transfer, and other processes, with uncertain outcomes.