Jiangmen sugar cane chemical shares sold in auction

Jiangmen Sugar Cane Chemical Factory Group (SZSE:000576) has announced the results of a second judicial auction of shares held by its controlling shareholder, Deliixi Group. The auction, conducted on the Taobao online platform on February 13-14, 2025, saw 30 million shares successfully sold. Ms. Fang Lei acquired two tranches of 10 million shares each at prices of 68,607,000 yuan and 68,904,000 yuan, respectively. Mr. An Zhongge acquired one tranche of 10 million shares for 68,607,000 yuan. The sale reduces Deliixi Group's holding in Jiangmen Sugar Cane Chemical, but it retains its position as controlling shareholder with 35.77% ownership. The company asserts that its business operations remain unaffected by the auction.