Beautiful Ecology, a prominent company in the environmental industry, is facing a significant development as their controlling shareholder’s shares are set to be judicially auctioned. The announcement, made by Shenzhen Beautiful Ecology Co., Ltd., revealed that Jiayuan Chuangsheng Holding Group Co., Ltd., the controlling shareholder, holds 190,000,000 shares of the company, which will be auctioned off.
The auction, scheduled to take place on JD.com’s Judicial Auction Platform, is set to begin on June 5, 2024, and will last for 24 hours. The starting price for the shares is yet to be determined. The auction will not have an immediate impact on the company’s operations, as Jiayuan Chuangsheng and its associated parties will still hold a significant portion of Beautiful Ecology’s total share capital.
However, the outcome of the auction could potentially lead to changes in the company’s controlling shareholder and actual controller. All shares held by Jiayuan Chuangsheng have been frozen by the judiciary, indicating a complex legal situation surrounding the auction.
Investors and stakeholders are advised to pay close attention to the development of this matter and keep in mind the potential risks involved in bidding for the shares. Beautiful Ecology has assured that they will adhere to all legal requirements for information disclosure and will closely monitor the auction process.
For more information on the auction, interested parties can refer to the announcement published by the Shenzhen Intermediate People’s Court of Guangdong Province on JD.com’s Judicial Auction Platform. Beautiful Ecology’s designated media for information disclosure are Securities Times, Securities Daily, and Cninfo.com.
As this situation unfolds, it is crucial for investors to stay informed and consider the implications of the auction on Beautiful Ecology’s future. The Board of Directors of Shenzhen Beautiful Ecology Co., Ltd. aims to provide timely updates and ensure transparency throughout this process.
Source: China Finance Network, April 30, 2024.