Core Viewpoint - The ongoing dispute between the company and TFISF has resurfaced, with the company opposing the auction of shares in its subsidiary, Color Life, which could impact its control over the subsidiary [1][2]. Group 1: Company Announcement - The company announced its opposition to the auction plan proposed by OSL Capital, which aims to sell up to 29.9% of Color Life's issued shares [1]. - The company claims that the alleged debts owed to TFISF do not involve Color Life shares as collateral, and it has formally opposed the auction process [1][2]. - This is not the first conflict between the company and TFISF, as a similar dispute arose in December 2021 regarding a loan issue [1][2]. Group 2: Shareholding and Control - TFISF claims to hold approximately 780.14 million shares of Color Life, representing about 41.95% of the total issued shares, which are pledged as collateral for debts owed by the company [1][2]. - The company's controlling shareholder, Zeng Baobao, indirectly holds around 1.01364 billion shares of Color Life, accounting for 68.14% of the total shareholding [2]. - The company holds a total of 52.44% of Color Life's equity, and the auction of up to 29.9% of shares could jeopardize its control over the subsidiary [2]. Group 3: Financial Context - Color Life's current stock price is HKD 0.178 per share, making the 29.9% stake worth approximately HKD 98.97 million [3]. - The company recently advanced a debt restructuring plan covering USD 4.018 billion, involving various debt instruments and offering three options for creditors [3]. - As of October 3, approximately 84.54% of the company's existing noteholders and 77.33% of total outstanding debt holders have supported the restructuring plan [4].
公开“撕巴”！花样年发公告反对奥澌资本拍卖彩生活29.9%股权