Beingmate shareholder faces stock freeze amid expansion plans

Beingmate (SZSE:002570) announced that 47,241,228 shares held by its controlling shareholder, Beingmate Group, have been judicially frozen, representing 35.62% of the group's holdings and 4.37% of Beingmate's total share capital. The freeze stems from a dispute with Ningbo Weibei Enterprise Management Consulting. According to Beingmate, the group had already signed an agreement to offset debt with 48 million shares of the company and it has already filed an objection to the stock freeze.