Core Viewpoint - The chairman of Youkeshu, Xiao Siqing, is facing a judicial auction of part of his shares, raising concerns about the stability of control over the company amidst ongoing power struggles [2][3][10]. Group 1: Share Auction Details - Xiao Siqing's 10,114,250 shares, representing 1.09% of the total share capital, will be auctioned on July 25 by the Changsha Intermediate People's Court [3][7]. - This auction involves approximately 33.20% of his total holdings, which amounts to 3,046,330 shares [7][9]. - The auction is currently in the announcement phase, with uncertainties regarding the outcome, including the possibility of failure to sell [9]. Group 2: Company Control and Historical Context - Despite the auction, Xiao Siqing remains the actual controller of Youkeshu, although his ownership has significantly decreased, with a combined holding of only 3.29% alongside his action partner [7][12]. - The company has undergone significant changes since its rebranding from Tianze Information to Youkeshu, including a focus on cross-border e-commerce and a decline in revenue from 5.027 billion to 387 million from 2020 to 2024 [11][12]. - Following a restructuring process initiated in September 2024, the company saw a shift in major shareholders, with Wang Wei and his associates becoming the largest shareholders, further complicating the control dynamics [12][13]. Group 3: Financial Performance and Risks - Youkeshu's financial performance has been poor, with a cumulative net profit loss of 4.519 billion over five years, leading to a risk warning from the exchange [11][13]. - As of the first quarter of 2025, the company's revenue was below 25 million, with a risk of being reclassified if annual revenue falls below 100 million and continues to incur losses [13].
突发!正争夺控制权,董事长股份将被拍卖