Core Viewpoint - The shares held by a major shareholder of ST Lifan, Fan Li, were put up for auction but failed to attract any bids, resulting in a failed auction. This situation raises concerns about the company's governance and potential legal issues [1] Group 1: Shareholder Actions - Fan Li holds 67,557,299 shares of ST Lifan, which represents 99.9953% of his total holdings and 10.53% of the company's total share capital [1] - The auction took place on September 29-30, 2025, on the JD.com judicial auction platform, but no bids were received, leading to the shares being unsold [1] Group 2: Legal and Regulatory Issues - The company is currently under investigation for violations related to information disclosure, which could lead to significant legal repercussions [1] - If the investigation reveals major violations, the company may face forced delisting from the stock market [1] Group 3: Impact on Operations - The failed auction is not expected to have a significant adverse impact on the company's production and operations [1]

图片由AI生成 一纸流拍公告，让海南海药（000566）这家创立于1965年的老牌药企坐上无人问津的"冷板凳"。 海南海药9月23日公告，公司第二大股东南方同正所持已质押的1.24亿股股票，于9月22日~23日在京东司法拍卖平台进行拍卖，但因无人出价，拍卖未能成 功。拍卖股份占南方同正所持股份的92.86%，占总股本的9.54%。 一次本该"清仓式"易主的拍卖，却连一次应价都没等到。究其根本，或许源于市场对海南海药基本面以及前实控人刘悉承时期遗留的治理沉疴的担忧。 | | | 近期A股上市公司司法拍卖情况 | | | --- | --- | --- | --- | | 上市公司 | 拍卖截止日期 | 拍卖股份占总股本比例 | 拍卖结果 | | 海南海药 (000566) | 9月23日 | 9.54%(1.24亿股) | 流拍 | | 杉杉股份 (600884) | 9月21日 | 约0.19% (426万股) | 以5771万元成功拍出 | | 启迪环境 (000826) | 7月18日 | 约0.14% (200万股) | 以363. 2万元成功拍出 | | 尚纬股份(603333) | 4月14日 | ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Rongfa Investment, will have its asset, the Crystal Island Commercial Center (Shenzhen Royal Court Plaza), publicly auctioned due to judicial enforcement, with the auction scheduled for September 9-10, 2025, resulting in a failed auction [1] Financial Impact - As of December 31, 2024, the book value of Shenzhen Royal Court Plaza is 5.75 billion, accounting for 71.57% of the company's total assets [1] - The project generated revenue of 369 million in 2024, representing 56.03% of the company's total annual revenue [1] Potential Risks - If the asset continues to be subject to judicial enforcement, the company will lose ownership of the asset, leading to a significant asset restructuring [1] - The loss of Shenzhen Royal Court Plaza, as a major asset, will have a substantial impact on the company's assets, liabilities, and daily operations, potentially triggering financial warning signs under the Shenzhen Stock Exchange's listing rules [1]

Group 1 - The latest development regarding the judicial auction of shares held by the controlling shareholder and actual controller of Spring兴精工, Sun Jiexiao, has been reported. The auction for 154 million shares and 15.535 million shares, which are currently under judicial freeze, took place from July 28 to July 29, 2025, but went unsold due to no bids being placed [1] - As of the announcement date, Sun Jiexiao and her concerted party, Yuan Jing, collectively hold 335 million shares, accounting for 29.66% of the company's total equity. Among these, 319 million shares are pledged, representing 95.36% of their holdings and 28.28% of the total equity. Additionally, 304 million shares are under judicial freeze, making up 90.73% of their holdings and 26.91% of the total equity [1] - The company stated that the failure of the judicial auction will not have a significant adverse impact on its production and operations. However, there is uncertainty regarding whether the relevant court will continue to execute other judicial procedures, which could lead to risks such as forced transfer or judicial auction of shares, potentially affecting the stability of the company's control [1] Group 2 - Spring兴精工 previously disclosed that as of June 28, Suzhou Industrial Park Kahn Lian Technology Co., Ltd. owes the company 316 million yuan in equity transfer payments, while Huizhou Zehong Technology Co., Ltd. owes 80.925 million yuan in business-related payments, totaling 397 million yuan. Sun Jiexiao, as the actual controller of Suzhou Industrial Park Kahn Lian Technology Co., Ltd., bears joint guarantee responsibility for these payments [2] - The company has issued a performance forecast indicating that it expects a negative net profit for the first half of 2025. This is attributed to the ongoing ramp-up of production capacity in its new energy vehicle components business, which has not yet reached an ideal state, thus impacting operational performance [2] - Additionally, Chongqing Xinrunxing Technology Co., Ltd. has filed a lawsuit against the subsidiary Huizhou Spring兴精工 due to a sales contract dispute, with the amount in question being 38 million yuan. As of now, the case has not yet been heard. Based on the principle of accounting prudence, Huizhou Spring兴精工 plans to recognize a provision for expected liabilities amounting to 21 million yuan [2]

Group 1 - The company's stock, *ST 亚太 (Securities Code: 000691), experienced abnormal trading fluctuations for three consecutive trading days starting May 2025, as per Shenzhen Stock Exchange regulations [1] - The company conducted a comprehensive self-examination regarding the stock price fluctuations and confirmed the termination of the A-share issuance to specific investors, retracting the related application documents [1] - The major shareholder, 兰州亚太矿业集团有限公司, had 9 million shares auctioned publicly but the auction ended without a sale, which is not expected to significantly impact the company's operations [2] Group 2 - The controlling shareholder, 广州万顺技术有限公司, failed to complete its planned share buyback within the original timeframe and has extended the buyback period by six months to September 19, 2025 [2] - The company received a civil judgment on March 20, 2025, dismissing all claims against it in a dispute, which became effective on April 6, 2025 [3] - The company confirmed that there are no undisclosed significant matters that should be reported according to the Shenzhen Stock Exchange rules [3] Group 3 - The company’s stock has been placed under delisting risk warning since April 30, 2025, with the stock name changed to *ST 亚太 [4] - The daily price fluctuation limit for the stock has been reduced from 10% to 5% [5] - The company is in discussions with 广州万顺 regarding debt resolution, with a temporary agreement to not exercise equity pledges until December 31, 2025, contingent on the company meeting certain conditions [5][6]