Zheng Quan Shi Bao Wang·2025-05-31 11:53Core Viewpoint - The lawsuit initiated by ST United against Beijing Badaling Wildlife World highlights significant legal disputes regarding capital reduction and shareholder rights within the company [1][3][4]. Group 1: Legal Disputes - ST United has filed a lawsuit against Beijing Badaling Wildlife World and four other companies, citing major procedural violations in the capital reduction and shareholder decisions [1][3]. - The company claims that the decisions made during the shareholder meeting regarding capital reduction and changes to the company charter were not communicated to ST United, violating legal and procedural norms [5][6]. Group 2: Financial and Operational Concerns - Beijing Badaling Wildlife World has faced financial difficulties, leading to a significant reduction in registered capital from 29.8 million yuan to 25.33 million yuan, followed by an increase to 25.447 million yuan, which diluted ST United's stake to 1.41% [4][5]. - The company has been restricted by the Beijing First Intermediate People's Court due to a failure to fulfill a debt obligation amounting to 2.0527 million yuan, indicating ongoing financial instability [6]. Group 3: Shareholder Dynamics - The original shareholders of Beijing Badaling Wildlife World included ST United and other entities, with Qinlong International holding over 50% of the shares, making it the original controlling shareholder [4]. - The introduction of a new shareholder, Runlin Tourism, which acquired a 90.05% stake, has raised concerns among existing shareholders about the dilution of their rights and interests [5][6].