CXJG(SZ:002547) Zhong Guo Jing Ying Bao·2025-08-06 05:14Core Viewpoint - The controlling shareholder of Suzhou Chunxing Precision Mechanical Co., Ltd. has failed to recover nearly 400 million yuan owed to the company, and part of the shares held by the controlling shareholder is undergoing judicial auction [2][6] Group 1: Debt and Financial Transactions - The overdue amount relates to a transaction from December 2018, where Chunxing Precision transferred equity stakes in two companies for a total consideration of 450 million yuan [3] - The agreement stipulated that 10% of the transfer price was to be paid upfront, with the remaining 90% and interest due within 36 months [3] - As of January 3, 2024, the outstanding amounts include 361 million yuan for equity transfer and 81.48 million yuan for business transactions, totaling approximately 397 million yuan [4] Group 2: Legal Actions and Recovery Efforts - Chunxing Precision has initiated legal proceedings against the relevant parties regarding the overdue equity transfer payments, and the case is currently being processed by the court [5] - The company has made provisions for bad debts based on the collateral provided by the debtor [5] Group 3: Shareholder Control and Judicial Auction - The controlling shareholder, Sun Jiexiao, has approximately 170 million shares (15.05% of total shares) subject to judicial auction due to contract disputes, but the auction has failed to attract bids [6] - If the shares were to be sold, it could lead to a change in the company's controlling shareholder, although the company stated that the failed auction would not significantly impact its operations [6][7] - A high proportion of the shares held by the controlling shareholder are frozen, which poses a risk to the stability of control over the company [6][7]