Core Viewpoint - The acquisition of a controlling stake in Ningbo Zhongbai (600857.SH) by Hangzhou Jindi marks a significant shift in ownership, potentially ending the "Xu Xiang era" that has dominated the company for nearly a decade [1][14][16] Group 1: Acquisition Details - Hangzhou Jindi secured 28.96% of Ningbo Zhongbai's shares, becoming the largest shareholder after purchasing 35.41 million shares from Tibet Zetian for 527 million yuan [1][5] - Prior to this, Hangzhou Jindi had acquired 13.18% of shares through the secondary market, bringing its total holdings to 28.96% [1][5] - The auction of shares was a result of legal proceedings against Xu Xiang, who was previously the main shareholder, leading to the liquidation of his family's assets [2][14] Group 2: Financial Implications - Hangzhou Jindi's total expenditure for acquiring shares in Ningbo Zhongbai is estimated between 934 million yuan and 965 million yuan, with an average cost per share of approximately 14.3 to 14.85 yuan [5][6] - The current market price of Ningbo Zhongbai shares is around 15.35 yuan, indicating that Hangzhou Jindi's acquisition cost is slightly below the market value [5] Group 3: Company Background and Future Prospects - Ningbo Zhongbai is a well-established retail leader in the Ningbo region, with significant assets including the "Ningbo Erbai" brand [12][13] - The company has faced challenges, including a 46.03% decline in revenue due to a drop in gold wholesale business, but has seen a 674.25% increase in net profit due to improved retail margins [12][13] - The integration of Ningbo Zhongbai into the "Jindi system" could enhance its market position and operational efficiency, potentially leading to improved financial performance and asset value [13][16]

Core Viewpoint - Changjiang Securities (Shanghai) Asset Management announced the appointment of Hu Ke as a new fund manager for the Changjiang Zhihui 30-Day Rolling Short-Debt Bond Fund, which was established on December 15, 2021, and has shown steady returns since its inception [1][2]. Group 1 - The Changjiang Zhihui 30-Day Rolling Short-Debt Bond Fund has a year-to-date return of 1.63% and 1.44% for its A and C classes, respectively [1]. - Since its establishment, the fund has achieved a cumulative return of 9.57% for Class A and 8.88% for Class C, with a cumulative net value of 1.0957 yuan and 1.0888 yuan [1]. - Hu Ke joined Changjiang Securities (Shanghai) Asset Management in July 2020 and has held various positions including credit rating, investment manager assistant, investment manager, and researcher [1]. Group 2 - The fund is managed by Changjiang Securities (Shanghai) Asset Management Co., Ltd., and the announcement was made in accordance with the "Measures for the Administration of Information Disclosure of Publicly Raised Securities Investment Funds" [2]. - The fund manager change is classified as an appointment, with Hu Ke being the new fund manager alongside the existing manager Qi Zhiwei [2].

Core Viewpoint - The judicial auction of shares held by the controlling shareholder, Tibet Zetian Investment Development Co., Ltd., will potentially lead to a change in control of Ningbo Zhongbai Co., Ltd. if the auction is successful and the transfer is completed [2][8]. Group 1: Auction Details - The auction involves 35,405,252 shares, representing 15.78% of the total share capital of Ningbo Zhongbai [2][7]. - The auction has concluded, and the final result will be confirmed by the Qingdao Intermediate People's Court [5][6]. - The auction took place on the Taobao judicial auction platform from November 22 to November 23, 2025 [4]. Group 2: Implications of the Auction - If the auction is successful and the share transfer is completed, it will result in a change of control for the company [2][8]. - The company's operations are currently normal, and this matter is not expected to have a significant adverse impact on its production and operations [2][8]. - The company will continue to monitor the situation closely and fulfill its information disclosure obligations [8]. Group 3: Shareholder Regulations - According to relevant regulations, shares acquired through judicial transfer cannot be sold within six months of acquisition [3][8].

Core Viewpoint - The recent judicial auction of shares in Ningbo Zhongbai (600857) has significant implications for the company's control, as the controlling shareholder's stake is being acquired by a new entity, potentially leading to a change in management and strategy [1][3]. Group 1: Share Auction Details - On November 24, Ningbo Zhongbai announced that 35.4053 million shares held by its controlling shareholder, Tibet Zetian Investment Development Co., Ltd., were sold at a judicial auction for 527 million yuan, representing 15.78% of the company's total share capital [1]. - The buyer of these shares is Hangzhou Jindi Commercial Management Co., Ltd., which is associated with well-known Zhejiang businessman Lu Sikan [1][3]. - If the share transfer is completed, Jindi Commercial's stake will increase to 28.96%, significantly surpassing the second-largest shareholder's stake of 10.09% [3]. Group 2: Background of the Controlling Shareholder - Tibet Zetian is linked to Xu Xiang, a prominent figure in the capital market, whose family members are the shareholders behind the company [3][5]. - Xu Xiang was sentenced to prison for market manipulation in 2017, and his family's assets have been under judicial scrutiny since then, with multiple companies' shares being auctioned off [5]. Group 3: Implications for Future Control - Should Lu Sikan successfully gain control of the board of directors at Ningbo Zhongbai, it would mark his first acquisition of a publicly listed company [6]. - Jindi Commercial has been actively increasing its stake in Ningbo Zhongbai since July, with total expenditures amounting to approximately 950 million yuan if the auctioned shares are transferred [4].

Core Viewpoint - The acquisition of Ningbo Zhongbai by Jindi United Holdings marks a significant shift in control, with Jindi now holding 28.96% of the shares, potentially making it the new actual controller of the company [1][3][5]. Group 1: Acquisition Details - Jindi Commercial successfully acquired 35.4 million shares of Ningbo Zhongbai for 527 million yuan, representing 15.78% of the total share capital [1]. - The acquisition process involved three steps: first, Jindi Commercial purchased 10.68 million shares in the secondary market; second, it acquired 8.42% of shares through a judicial auction for 270 million yuan; and finally, it won the remaining shares from the original controlling shareholder for 527 million yuan [5][6]. - Jindi Commercial's total investment in Ningbo Zhongbai amounts to 950 million yuan over five months [5]. Group 2: Company Background - Jindi United Holdings, founded in 1992, operates in various sectors including oil and gas, real estate, and industrial investment [4]. - The company has significant interests in overseas oil and gas fields and is expanding its clean energy operations domestically [12]. - Jindi United has also been active in the commercial real estate market, recently acquiring prime land in Hangzhou for 5.578 billion yuan [13]. Group 3: Financial Performance - Jindi United's revenue has shown a downward trend from 134.75 billion yuan in 2022 to 71.82 billion yuan in 2024, with net profits also declining [16]. - The company is diversifying its investments into emerging industries such as new materials and biotechnology, indicating a strategic shift to enhance growth potential [16][17].

Core Viewpoint - Ningbo Zhongbai announced that its controlling shareholder, Tibet Zetian, auctioned 35.4053 million shares (15.78% of total equity) through judicial auction, with a transaction amount of 527 million yuan, and the buyer is Hangzhou Jindi Commercial Management [1] Group 1 - The auction took place on November 22-23, and the final result will be subject to the ruling of Qingdao Intermediate Court [1] - As of the announcement date, Hangzhou Jindi holds 13.18% of the company's shares [1] - If the transaction and transfer are completed, the company's control will change, but current operations remain normal and will not affect production or compliance with equity distribution standards [1] Group 2 - The buyer is restricted from reducing their holdings within six months after the acquisition [1]

Core Viewpoint - Ningbo Zhongbai (600857) announced that its controlling shareholder, Tibet Zetian, is publicly auctioning 35.4053 million shares on the Taobao judicial auction platform, which represents 15.78% of the company's total share capital [1] Group 1 - The auction phase has concluded, and if the shares are successfully sold and transferred, it will result in a change of control for the company [1] - The company’s operational activities are currently normal, and this event is not expected to have a significant adverse impact on its production and operations [1] - The shareholding structure will remain compliant with listing requirements even after the auction [1]

宁波中百股份有限公司 关于控股股东、实际控制人所持股份被法院司法拍卖 的进展公告 证券代码：600857 证券简称：宁波中百 公告编号：2025-031 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、本次拍卖的基本情况 公司于 2024 年 12 月 25 日收到山东省青岛市中级人民法院（以下简称"青 本次被司法拍卖的标的为控股股东、实际控制人西藏泽添投资发展有限公司 （以下简称"西藏泽添"）持有宁波中百股份有限公司（以下简称"公司"） 股份 35,405,252 股（均为无限售条件流通股），占公司总股本的 15.78%。 截至本公告披露日，公司通过淘宝网络司法拍卖平台查询，本次司法拍卖网 拍竞价阶段已经结束，本次拍卖成交股数为 35,405,252 股，占公司总股本 的 15.78%。公司目前尚未收到山东省青岛市中级人民法院的确认文件，最终 成交结果以山东省青岛市中级人民法院出具拍卖成交裁定为准。本次拍卖成 交股份后续还涉及缴纳拍卖余款、股权变更过户等环节，最终结果尚存在不 确定性。 本次司法拍卖事项涉 ...

图片来源：界面图库 智通财经记者 赵阳戈 14万人在线围观了一场备受资本市场瞩目的股权拍卖，然而，这场拍卖却以出人意料的平静方式落幕。 11月23日上午10时，宁波中百（600857.SH）一笔3540.5252万股股份的司法拍卖尘埃落定。作为此次拍卖的唯一报名者，杭州金帝商业管理有限公司（以下 简称"金帝商管"）以起拍价5.27亿元轻松摘得标的。 智通财经致电上市公司，相关负责人称，"今天（11月24日）稍晚时候会进行公告"，其表示，目前拍卖还没有过户，新控股股东的认定，具体还有待下一步 公告。 金帝商管持有宁波中百比例跃升至28.96% 本次宁波中百3540.5252万股无限售流通股的拍卖，于11月22日上午10时在阿里司法拍卖平台启动，起拍价为5.27亿元，保证金5120万元，加价幅度设定为 250万元。唯一的竞拍方在拍卖开始后21分钟首次出价，此后便再无波澜，最终以起拍价成功竞得。 该部分股权的成本折算后为14.88元/股，相较于宁波中百11月21日的收盘价略有折价。 拍卖结束后，平台出具的竞价结果确认书正式宣告了金帝商管的胜出。 待完成过户，金帝商管以总计约十亿元的代价（持股近29%），将成为宁波中 ...

宁波中百（600857.SH）终于要摘下持续多年的"徐翔概念股"标签。 11月23日上午10时，阿里资产拍卖平台显示，宁波中百3540.53万股上市无限售流通股的拍卖正式结束。 从拍卖结果来看，杭州金帝商业管理有限公司（简称"金帝商业"）以底价5.27亿元竞得该标的。按此推算，金帝商业获得上述标的的平均每股价格为14.88 元/股，略低于宁波中百当前股价。 11月24日，宁波中百低开，截至发稿报15.06元/股，跌幅0.4%，总市值33.78亿元。 值得注意的是，该场股权拍卖市场关注度极高，累计获得了超14万人次围观。 之所以引发广泛关注，一方面是因其牵涉昔日 "私募一哥" 徐翔家族的核心股权处置；另一方面，作为决定公司控制权转移的关键事件，此次拍卖对宁波 中百的后续影响深远。 资料显示，此次拍卖的宁波中百3540.53万股由徐翔父亲徐柏良旗下公司西藏泽添投资发展有限公司（以下简称"西藏泽添"）持有，占其所持公司股份的 100%。西藏泽添为宁波中百控股股东，持有该公司15.78%股份。 中国企业资本联盟副理事长柏文喜表示，控股股东西藏泽添的股权被全部拍卖，在股权过户完成但董事会尚未改选前，宁波中百大概率会处于 ...