FilingReader Intelligence

EGing Photovoltaic shares face judicial auction

June 27, 2025 at 05:04 AM UTCBy FilingReader AI

EGing Photovoltaic Technology (SSE:600537) announced that 200,000,000 shares held by its controlling shareholder, Shenzhen Wei Zhi Energy Co., Ltd., will be auctioned in four batches on July 30-31, 2025. Each batch contains 50,000,000 shares, representing 4.22% of the company's total share capital, for a total of 16.90%. The starting price for each batch will be determined just before the auction, with a deposit of CNY 20,000,000 required per batch. All the shares up for auction are currently frozen. The auction's outcome and potential change in control could significantly impact EGing's equity structure, operations, and governance, prompting the company to urge investors to exercise caution.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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