Digital China(SZ:000034) 第一财经·2025-10-13 03:24Core Viewpoint - The recent high-profile divorce case involving the controlling shareholder of Digital China (000034.SZ) has raised significant attention in the A-share market, particularly regarding the potential impact on the company's stock and control structure [3]. Group 1: Divorce Case Details - Digital China announced that the Beijing Haidian District People's Court ruled on September 30 for the divorce of its controlling shareholder, Guo Wei, and his wife, Guo Zhengli. The court will continue to review the property division [3]. - Guo Wei's approximately 77.39 million shares of Digital China were frozen due to the divorce dispute, valued at around 3.4 billion yuan based on the October 10 closing price of 43.86 yuan per share [3]. - The stock price of Digital China has nearly doubled from around 22 yuan to 43.86 yuan since August of the previous year, reaching a historical high of 60.11 yuan in April this year [3]. Group 2: Legal Proceedings - Guo Zhengli initiated divorce proceedings in Hong Kong in July 2024, while Guo Wei filed in Beijing, leading to parallel litigation in both jurisdictions. This situation may result in conflicting rulings regarding child custody and property division due to differences in legal systems [4]. - The simultaneous handling of the divorce case in both Beijing and Hong Kong is classified as parallel litigation, which can complicate the resolution of the dispute [4]. Group 3: Impact on Company Control - As of the mid-2025 report, Guo Wei remains the chairman of Digital China, Digital Information (000555.SZ), and Shenzhou Holdings (00861.HK), holding approximately 155 million shares of Digital China, representing a 21.49% stake [5]. - The divorce could significantly affect the control of all three listed companies in the Shenzhou system, with potential risks of changes in the controlling shareholder if Guo Wei's frozen shares are disposed of [5]. - Guo Zhengli, a former technology executive, was abruptly removed from her position at Shenzhou Holdings shortly after filing for divorce, indicating underlying tensions that may have contributed to the current situation [5].