NBZB(SH:600857) 证券时报·2025-10-24 04:32Core Viewpoint - The control of Ningbo Zhongbai (600857) may change due to the judicial auction of shares held by its major shareholder, Tibet Zetian Investment Development Co., Ltd. [1][4] Group 1: Share Auction Details - Tibet Zetian will auction 35,405,252 shares of Ningbo Zhongbai, representing 100% of its holdings, with a starting price of 512 million yuan and a deposit of 51.2 million yuan [1][2][3] - The auction is scheduled to take place from November 22 to November 23, 2025 [2][3] Group 2: Background of the Auction - The auction stems from a court ruling related to a market manipulation case involving Xu Xiang and others, with the shares being frozen for nearly nine years before reaching the auction stage [3][4] - The shares held by Tibet Zetian account for 15.78% of Ningbo Zhongbai's total share capital [3][4] Group 3: Implications for Company Control - If the shares are fully auctioned, it will lead to a change in the control of Ningbo Zhongbai, although the company states that its operations will not be significantly affected [4] - The actual controller of Ningbo Zhongbai is Xu Bailiang, who holds 99% of Tibet Zetian, indicating a potential shift in ownership dynamics [4]