Core Viewpoint - The company, Weifang Yaxing Chemical Co., Ltd., is undergoing a judicial auction of 13,192,797 shares held by its major shareholder, Weifang Yaxing Group Co., Ltd., which represents 3.40% of the company's total share capital [2][7]. Group 1: Auction Details - The judicial auction was initiated due to a loan dispute between Weifang Yaxing Group and Weifang Investment Group Co., Ltd. [3] - The first auction attempt on December 4-5, 2025, resulted in no successful bids, leading to a second auction scheduled for December 24-25, 2025 [3][4]. - The second auction concluded successfully on December 25, 2025, with a winning bid from a user identified as Wei Wei [4]. Group 2: Financial Aspects - The final auction price for the shares was RMB 96,977,612.19 (approximately 96.98 million) [5]. - The successful bidder is required to pay the remaining auction amount and complete the necessary procedures for the transfer of shares [5]. Group 3: Future Implications - The final outcome of the auction is subject to the confirmation by the Weifang Intermediate People's Court, and subsequent steps include payment and share transfer processes, which carry uncertainties [6][7]. - If the shares are successfully transferred, the new shareholder will be restricted from selling the shares for six months as per regulations [7].
潍坊亚星化学股份有限公司 关于持股5%以上股东部分股份被司法第二次拍卖的进展公告