Tom Cat's controlling shareholder faces judicial auction
Zhejiang Jinke Tom Cat Culture Industry (SZSE:300459) announced that 6,500,000 shares held by controlling shareholder Zhu Zhigang, representing 0.18% of total shares, and 57,656,922 shares held by Zhejiang Pingchu Trading, an entity acting in concert, representing 1.64% of total shares, will be auctioned. The auctions will be split into four lots. The auctions, scheduled for March 20 and March 24, are due to court orders. While the move will reduce holdings, it will not change control of the company, which said it is not responsible for potential investors' losses. The company cautioned about uncertainty.
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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