Shanshan: Auction fails, shareholder stake thawed

Ningbo Shanshan Co., Ltd. (SSE:600884) has announced that the judicial auction of 29,580,000 shares (1.31% of the total share capital) held by Ningbo Yinzhou Jielun Investment Co., Ltd., a wholly-owned subsidiary of Shanshan Holdings, has been aborted due to a lack of bids. This follows an initial announcement on February 21, 2025, regarding the planned auction by the Zhejiang Province Ningbo Intermediate People's Court.