This announcement details the second judicial auction of shares in Hainan Air Travel Drinks Co., Ltd. held by the company's subsidiary, Hainan Kaisar Shijia Beverage Co., Ltd. The first auction failed. The second auction is scheduled for August 24-25, 2026, with an estimated value of RMB 38,906,800 and a starting bid of RMB 24,900,352. The outcome's impact on the company's profits remains uncertain.
Summary generated by AI · Always verify with source document
Kaisar Tourism Group Co., Ltd.
Announcement on Progress of Judicial Auction of Subsidiary's Equity
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.