Core Viewpoint - The recent acquisition of shares in Ningbo Zhongbai by Jindi Commercial through judicial auction raises questions about the future control and stability of the company, especially with the upcoming auction of the largest shareholder's shares on November 22 [2][9]. Shareholding Changes - Jindi Commercial acquired 18,884,000 shares of Ningbo Zhongbai, representing 8.42% of the total share capital, through a judicial auction, increasing its total holdings to 29,565,700 shares or 13.18% [3][4]. - Prior to the auction, Jindi Commercial held 10,681,700 shares, which was 4.76% of the total shares [4]. Acquisition Details - The shares were acquired at a total price of 270 million yuan, translating to approximately 14.3 yuan per share, which is significantly lower than the current market price of 17.48 yuan [4][5]. - Jindi Commercial's share acquisition began in July 2025, with a total of 1,068,170 shares purchased at prices ranging from 12.18 to 17.10 yuan per share [6][7]. Future Plans and Market Implications - Jindi Commercial has stated that it currently has no plans to increase its holdings but does not rule out the possibility of future purchases or sales within the next twelve months [9]. - The upcoming auction of the largest shareholder's shares will likely influence the control dynamics of Ningbo Zhongbai, with Jindi Commercial's position becoming increasingly significant [9][10]. Company Background - Ningbo Zhongbai is a major retail company in Ningbo, with over 70 years of history, operating a large department store in the city's commercial center [10].
徐翔概念股宁波中百股权拍卖有后续:金帝商业暂无增持计划 7月就已开始“悄悄”建仓