Core Viewpoint - The auction of 35 million shares of Jinlong Co., Ltd. ended without any bids, marking the second time this year that the controlling shareholder's shares have been subject to judicial auction [1][5]. Group 1: Auction Details - The auction for 35 million shares initiated on July 7, 2023, lasted for one day, with five bidders registered but ultimately no bids placed [3][5]. - The shares were divided into 17 lots, with 16 lots of 2 million shares each starting at a price of 25.38 million yuan, and one lot of 3 million shares starting at 38.07 million yuan, totaling an initial auction price of 444 million yuan [4][8]. - The calculated auction price was approximately 12.69 yuan per share, while the closing price on July 8 was 12.94 yuan, reflecting a 1.41% increase [9][10]. Group 2: Financial Context - Jinlong Co., Ltd. has faced financial difficulties, with its controlling shareholder being subject to multiple forced executions due to failure to repay debts [12][7]. - The company recently improved its financial situation by selling 20% of its stake in Dongguan Securities, receiving over 2 billion yuan in transfer payments [12][16]. - The asset-liability ratio of Jinlong Co., Ltd. increased to 81.09%, up 3.92 percentage points year-on-year, with total liabilities amounting to 19.196 billion yuan [15].

Core Viewpoint - Shenzhen Zhuoyue Technology Co., Ltd. announced that its controlling shareholder and actual controller, Mr. Xia Chuanwu, has had part of his shares judicially auctioned, which may impact the company's governance and operations [1][5]. Group 1: Share Auction Details - Mr. Xia Chuanwu's 36,220,000 shares were auctioned by the Shenzhen Intermediate People's Court from June 25 to June 26, 2025, and the auction was confirmed on June 26, 2025 [2][4]. - The auctioned shares represent 50.08% of Mr. Xia's holdings and 6.39% of the company's total share capital [4]. - The auction's starting price is set at 70% of the average closing price over the previous 20 trading days, with a potential reduction to 80% for subsequent auctions if the first auction fails [4]. Group 2: Current Shareholding Status - As of the announcement, Mr. Xia still holds 72,317,172 shares, which accounts for 12.76% of the company's total share capital [5]. - The company maintains operational independence from its controlling shareholder, as Mr. Xia resigned from his positions as general manager and chairman in May and August 2018, respectively [5]. Group 3: Company Operations and Governance - The company asserts that the judicial auction will not adversely affect its daily operations or governance [5]. - The company is committed to ensuring stable operations and will continue to fulfill its management responsibilities [1][5].

Core Viewpoint - The property in Pingshan, Shenzhen, has been auctioned six times with a starting price of 4.86 million yuan, yet it remains unsold, indicating a lack of buyer interest despite the low price [1][3]. Group 1: Property Details - The property has a building area of 474.61 square meters and land rights until 2062, featuring a garage and is classified as a legitimate commercial property [1]. - The auction price has decreased from 9.07 million yuan to 6.07 million yuan over three previous attempts, highlighting significant price reductions without attracting buyers [1][3]. Group 2: Market Conditions - The location is perceived as a disadvantage, with the surrounding area being relatively quiet despite nearby developments like the planned Metro Line 19 [1][3]. - Concerns about potential future demolition or redevelopment in the area contribute to buyer hesitance, as uncertainty looms over the property’s long-term value [1][3]. Group 3: Auction Specifics - Judicial auctions often involve properties with legal disputes or unresolved loans, which raises concerns for potential buyers regarding tenant issues, unpaid property fees, or historical violations [3]. - The current real estate market in Shenzhen is recovering, but many buyers are waiting for clearer policies before committing to high-risk purchases like judicial auction properties [3]. Group 4: Buyer Sentiment - The overall sentiment among investors is cautious, with many preferring new properties over older ones that may require additional renovation and maintenance costs [3][4]. - The tightening of bank loan limits following new real estate policies further discourages buyers from participating in auctions, as they may not secure financing even if they are interested [3].

Group 1 - The article discusses judicial auctions conducted by the Ninghua County People's Court, detailing various properties available for bidding [1][3] - The auction for a residential property located at 136 Zhonghuan Middle Road, Ninghua County, has a starting price of 577,698 yuan and a deposit of 100,000 yuan, with a bidding period from July 28 to July 29, 2025 [3][4] - Another property at 2 Jingangting Road, Ninghua County, has a starting price of 577,698 yuan and a bidding period from July 21 to July 22, 2025, with a building area of 104.88 square meters [8] Group 2 - A property at 144 Xiaohubian, Ninghua County, is being auctioned for the second time, with a starting price of 360,000 yuan and a bidding period from July 2 to July 3, 2025, featuring a building area of 178 square meters [12] - The auction for a property at 2 Shilaoxia, Lianqun Village, Ninghua County, has a starting price of 239,808 yuan and a bidding period starting June 13, 2025, with a building area of 300 square meters [17] - A commercial property at 103-107, B District, Binjiang No. 1, Ninghua County, is being auctioned with a total area of 15,371.11 square meters, starting at 21,100,317 yuan, with a bidding period from July 26 to July 27, 2025 [27][28] Group 3 - The auction for industrial land in the Ninghua Overseas Chinese Economic Development Zone has a starting price of 1,289,820 yuan, with a bidding period from July 6 to July 7, 2025, covering an area of 5,052.68 square meters [34][35] - The auction process includes specific conditions regarding the properties, such as potential violations and the responsibilities of the bidders regarding property conditions and transfer [3][12][17]

Core Viewpoint - The shareholding of Qujiang Cultural Tourism has been affected by a judicial transfer of 3.14% of its shares due to debt disputes involving its controlling shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd. [1][3] Group 1: Shareholding Changes - The controlling shareholder's stake in Qujiang Cultural Tourism decreased from 44.90% to 41.76% following the judicial transfer of shares [2][3] - The transferred shares amounted to 8 million shares, representing 6.99% of the controlling shareholder's total holdings [3] Group 2: Legal and Financial Issues - The controlling shareholder is involved in multiple lawsuits related to debt, including claims from Zhejiang Zhiyin Financial Leasing Co., Ltd. for 129 million yuan and others totaling approximately 1.11 billion yuan [4] - All shares held by the controlling shareholder have been judicially frozen, indicating ongoing financial distress [5] Group 3: Company Performance - Qujiang Cultural Tourism has reported losses over the past three years, with losses of 268 million yuan in 2022, 198 million yuan in 2023, and 140 million yuan in 2024 [6] - In Q1 2025, the company generated revenue of 306 million yuan, a year-on-year decline of 23.67%, with a loss of approximately 45.56 million yuan [6] Group 4: Market Activity - The stock price of Qujiang Cultural Tourism experienced significant fluctuations in June, rising above 12 yuan before falling back to 10.54 yuan by June 26, with a total market capitalization of 2.632 billion yuan [6]

Core Viewpoint - Shanshan Co., Ltd. is experiencing a decline in performance and control disputes, leading to continuous shareholding reductions by its actual controller due to judicial auctions and debt restructuring [2][6]. Group 1: Shareholding Changes - On June 25, 2025, Wei Wei acquired 13 million shares of Shanshan Co., Ltd. at a price of 8.42 yuan per share, totaling approximately 109 million yuan, through a judicial auction [2][3]. - Following this auction, the actual controller's shareholding ratio decreased to 26.36%, down from over 45% at the end of 2024 [6][8]. - The remaining shares of the major shareholder are under judicial freeze or marking, indicating ongoing financial distress [6]. Group 2: Financial Performance - Shanshan Co., Ltd. reported a significant decline in net profit, dropping from over 20 billion yuan in 2022 to a loss of 7.68 billion yuan in 2024 [8][9]. - The company's total revenue decreased from 217 billion yuan in 2022 to 186.8 billion yuan in 2024, reflecting a downward trend in business performance [9]. Group 3: Company Background and Management Changes - Founded in 1989 and listed in 1996, Shanshan Co., Ltd. transitioned from clothing to lithium battery materials, becoming a leader in the industry [7]. - The company faced management turmoil following the death of its founder, Zheng Yonggang, in 2023, leading to disputes over control between his son and stepmother [7][8]. - The restructuring process initiated by the major shareholder, Shanshan Group, raises concerns about potential changes in company control [6][8].

Group 1 - Guangdong Jingyi Metal Co., Ltd. announced the cancellation of a proposal regarding the amendment of the company's articles of association due to legal issues related to a judicial auction of shares [2][3] - The company will hold its 2024 annual general meeting on June 27, 2025, to discuss other matters, while the canceled proposal will not be included in the agenda [3][4] - The company expressed apologies for any inconvenience caused to investors due to the cancellation of the proposal [3] Group 2 - The company’s board of directors approved the proposal to amend the articles of association on June 5, 2025, but it was later canceled following a court's directive [2][3] - The court found that the proposal's terms could obstruct the judicial auction process, which involved 75,184,700 shares of the company pledged to Jiangsu Hairun Urban Development Group [2][3] - The company is required to comply with the court's order to avoid legal consequences for failing to assist in the execution of the court's ruling [2][3] Group 3 - The annual general meeting will allow shareholders to vote on various proposals, including the use of self-owned funds for foreign exchange derivative trading [5][13] - Voting will be conducted both in-person and through an online system, with specific time slots designated for network voting [4][8] - Shareholders must register to attend the meeting, providing necessary documentation to verify their identity and share ownership [7][8]

近期，淘宝司法拍卖网站显示，华龙证券的股权再次被"上架"。一名中小股东持有的2396.15万股被司法拍 卖，起拍价为7452.04万元，将在7月17日起拍。 公开信息显示，该股东是一家广西的房地产企业，持有多家金融机构的股权，如阳光保险集团、桂林银行、桂 林国民村镇银行等。 这家券商又有中小股东股权被司法拍卖。 起拍价逾7000万元 时隔上次司法拍卖落槌不足一个月，华龙证券的部分股权再次出现在淘宝司法拍卖网站上。相比上次项目而 言，本次司法标的金额更大。 具体来看，广西远辰投资集团有限公司（以下简称"广西远辰"）持有华龙证券的2396.15万股将在7月17日被司 法拍卖，起拍价7452.04万元。相较来看，上次拍卖项目涉及华龙证券股数1162.32万股，起拍价为1302万元， 后华龙证券控股股东甘肃金融控股集团有限公司（以下简称"甘肃金控"）最终以2004万元价格在多轮竞价中胜 出。 按照上述数据简单测算，甘肃金控在上次交易中的成本价约为1.72元/股，而本次项目每股拍卖价格约为3.11 元。从该角度看，本次拍卖未必有吸引力。 据华龙证券招股说明书，截至2023年3月，广西远辰持有华龙证券2451.25万股， ...

跨境通在公告中表示，本次股份被司法拍卖不会导致公司控制权发生变更。目前公司经营活动正常开 展，本次事项暂未对公司生产经营、公司治理等事项产生重大影响，公司第一大股东不存在需要履行业 绩补偿义务的情形。 截至6月19日，杨建新及其一致行动人所持上市公司股份为1.46亿股，持股比例为9.42%，累计被拍卖数 量5837.42万股，合计占其所持股份比例40.03%，合计占公司总股本比例3.77%。 但此次拍卖也存在变数。公告显示，本次股份被拍卖事项尚在公示阶段，法院有权在拍卖开始前、拍卖 过程中中止拍卖或撤回拍卖。4月10日，跨境通就曾公告称，杨建新所持有的公司部分股份2754.71万股 将被贵州省贵阳市中级人民法院于2025年4月12日10时起至2025年4月13日10时止（延时除外）进行公开 第二次司法拍卖，但因申请执行人申请撤回，该场司法拍卖已被撤回。 跨境通公告显示，目前公司经营活动正常开展，本次事项暂未对生产经营、公司治理等事项产生重大影 响。 800万股起拍价2906万元 公告显示，跨境通近日通过网络查询获悉，公司第一大股东杨建新所持公司部分股份800万股，将被广 东省深圳市中级人民法院于2025年7月 ...

Core Viewpoint - The announcement details the judicial auction of shares held by the controlling shareholder and actual controller of Daheng New Era Technology Co., Ltd, which may lead to a change in company control if all shares are auctioned off [1][2]. Group 1: Auction Details - As of the announcement date, the controlling shareholder, Ms. Zheng Suzhen, holds a total of 129,960,000 unrestricted circulating shares, all of which are frozen and subject to judicial auction, representing 29.75% of the company's total share capital [1][3]. - The auction involves 129,960,000 shares, with the starting price set at 90% of the average closing price over the previous twenty trading days before June 19, 2025 [2][3]. - The auction is organized by the Shandong Property Rights Exchange Center, with the continuous bidding date scheduled for July 21, 2025 [3]. Group 2: Implications and Regulations - If the shares are fully auctioned, it will result in a change of control for the company; however, current operations are reported to be normal, and there is no immediate adverse impact on production or business activities [1][5]. - The auction process is still in the public notice phase, and subsequent steps may include bidding, payment, and transfer of ownership, with outcomes remaining uncertain [2][5]. - According to the Self-Regulatory Guidelines for Listed Companies, the buyer of the auctioned shares is prohibited from selling them within six months post-acquisition [2][5].