CCOOP Group shareholder assets frozen amid legal disputes

CCOOP Group (SZSE:000564) revealed that shares held by shareholder Chifeng Xinhe Cooperative Supermarket Chain Co., Ltd. have been frozen and re-frozen due to lending disputes. Specifically, 1,448,919 shares, representing 12.56% of Chifeng Xinhe’s holdings and 0.0080% of CCOOP Group's total share capital, are affected. In related news, holdings of the controlling shareholder and its concerted parties amount to 4,245,898,107, of which, 590,847,271 shares, 13.92%, have also been frozen to date. The judicial actions stem from legal disputes in the Hongshan District People's Court of Chifeng City.