New East(SH:603110) Hua Xia Shi Bao·2025-05-15 12:24Core Viewpoint - The announcement reveals a significant change in the ownership structure of Dongfang Materials (603110.SH) following the judicial auction of 13.5 million shares owned by the former controlling shareholder Xu Guangbin, leading to the emergence of Jiangsu Teliang New Materials Technology Co., Ltd. as the second-largest shareholder with a 5.96% stake [1][2]. Shareholder Changes - Xu Guangbin's 13.5 million shares were sold in two transactions, with Teliang New Materials acquiring 12 million shares for 168 million yuan, translating to approximately 14 yuan per share, which is nearly 20% lower than the latest closing price of 17.01 yuan [2]. - The remaining 150,000 shares were purchased by individual investor Pan Quhong for 24.95 million yuan, at a price of about 16.6 yuan per share [2]. - Following the share transfer, the new ownership structure sees Zhu Junfei as the largest shareholder with an 8.84% stake, while Xu Guangbin retains 5.44% [1][2]. Potential New Controlling Shareholder - The company has not disclosed who the new actual controller will be, creating uncertainty in the market [6]. - Zhu Junfei, the current largest shareholder, is the wife of the previous actual controller Fan Jiajun, raising speculation about her potential return to a controlling role [6]. - Xu Guangbin's ongoing legal issues, including frozen shares and a civil lawsuit, may complicate the situation further [5][7]. Legal and Financial Implications - Xu Guangbin's legal troubles, including allegations of financial misconduct related to another company, could impact Dongfang Materials' future capital operations [7]. - The upcoming judicial auction of an additional 7.02 million shares held by Xu Guangbin may also influence the ownership dynamics and potential new controlling interests [6][7].