This announcement details the upcoming judicial auction of 11,600,000 shares of Hengxin Oriental held by controlling shareholder Meng Xianmin. This represents 1.92% of the company's total share capital. The auction is not expected to immediately impact operations but could affect control if further auctions occur. Meng Xianmin is seeking alternative funding to resolve the debt.
Summary generated by AI · Always verify with source document
Stock Code: 300081
Stock Abbreviation: ST Hengxin
Announcement Number: 2026-051
Hengxin Oriental Culture Co., Ltd.
Announcement Regarding Judicial Auction of Part of the Shares Held by Controlling Shareholder and Actual Controller
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.