Shuguang shares were frozen again. Huatai Automobile held 134 million shares of Shuguang shares and was frozen for 3 years.
Shuguang shares announced on the evening of October 9 that CEIBS Asset Management (Shanghai) Co., Ltd. applied for a freeze on the 134 million unrestricted shares and interest of the company held by the company’s major shareholder Huatai Automobile. The freeze period is 3 years. . Up to now, Huatai Automobile holds 134 million shares of Shuguang, accounting for 19.77% of the company’s total share capital.
Shuguang shares have been frozen twice before being frozen
In May 2019, Shuguang Co., Ltd. announced that the company had received the “Amendment of the People’s Court of Rongcheng City, Shandong Province” and ruled that the Liaoning Shuguang Automobile held by the Baotai Huatai Automobile Group Co., Ltd. (hereinafter referred to as “Huatai Automobile”) was frozen. Group Co., Ltd. (hereinafter referred to as “Dawning”) shares 20 million yuan, the freezing period of three years.
In October 2018, Shuguang Co., Ltd. announced the announcement of the pledge of the major shareholder’s equity, and the 133 million shares held by Huatai Group were all pledged. At the end of November of the same year, Shuguang shares announced the announcement that the major shareholder shares were frozen by the judiciary. The 19.77% shares held by Huatai Automobile were all frozen by the Shandong High Court.
Shuguang shares announced on the evening of October 9. Recently, the company received the “Notice on Judicial Freezing and Judicial Transfer of Equity of China Clearing Shanghai Branch” forwarded by the Shanghai Stock Exchange, and was informed of the holdings of the company’s major shareholder Huatai Automobile Group Co., Ltd. All shares of the company were frozen by the judiciary. As of the announcement date, Huatai Automobile, the major shareholder, held 134 million shares of the company, accounting for 19.77% of the company’s total share capital. After the share freeze, the cumulative number of shares frozen was 134 million shares, accounting for 19.77% of the company’s total share capital.