300392SZSE

Announcement on the Judicial Auction of Shares by Major Shareholder Failing to Attract Bids

Tengxin Holdings··2 pages

✨ AI Summary

Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. announced that the judicial auction of 55,480,000 shares held by its major shareholder, Mr. Xu Wei, failed to attract any bids. The auction took place from June 26 to June 27, 2023. The company assures that this failure will not significantly impact its daily operations and will continue to monitor the situation closely. Investors are advised to remain cautious regarding investment risks.

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Full Translation

AI Translation· azure_openai

Special Risk Warning

  1. The starting date for the company's stock to enter the delisting arrangement period is June 15, 2023, lasting for fifteen trading days, with the expected last trading date being July 7, 2023. The company's stock will be delisted on the next trading day after the end of the delisting arrangement period.
  2. During the delisting arrangement period, the company will not plan or implement any major asset restructuring.
  3. Investors and market participants such as securities companies should settle stock pledge repurchase, agreed repurchase, margin financing, transfer of financing, and Shenzhen Stock Connect businesses in a timely manner before the stock is delisted.
  4. For judicial freeze businesses expiring between the delisting and the completion of the initial registration in the delisting sector, it is recommended that the competent authorities handle the renewal procedures in advance through the original assistance execution channels before the s

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