Jason Furniture share auction halted

Jason Furniture Hangzhou (SSE:603816) announced that a judicial auction of 5,000,000 shares held by Gujia Group, representing 14.25% of Gujia Group's holding and 1.79% of Jason Furniture's total share capital, has been halted. The auction was part of a larger plan to auction 14,700,000 shares in total, split into three tranches, as directed by the Hangzhou Intermediate People's Court. Gujia Group currently holds 103,171,483 shares in Jason Furniture, representing 12.55% of the total share capital, all of which are currently frozen. The company stated it would continue to monitor developments and fulfill disclosure requirements.