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10 million shares owned by the third largest shareholder of Great Wall Animation were put up for auction by the second largest shareholder, 42.68 million Yuan – China Securities Network – Hanfeng Net

2018-11-22 18:48:31 Source: China Securities Network

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On the evening of November 22, Great Wall Anime (000835) announced that from 10:00 am on November 21, 2018 to 10:00 am on November 22, 2018, 1,000 companies owned by the Shengda Group were held on the platform of judicial auctions of the Leshan City People Auction auction house. The second public auction of 10,000 shares, with a starting price of 38.5 million Yuan, according to Leshan City People's Court judicial network auction network "proof of network success," Dazhou Entertainment Co., Ltd. (hereinafter: Dazhou Entertainment) through bidding No. M1365 won 10 million shares of the company for 42.68 million yuan. The final transaction at this auction is subject to an auction sale decision issued by the Intermediate People’s Court of Leshan City, Sichuan Province. As of the end of November 22, Great Wall Animation's share price closed at 5.03 yuan / share, a slight decline of 0.79%.

Dazhou Entertainment is the company's second largest shareholder. Prior to the start of trading, he held 16.253 million shares of the company, representing 4.97% of the total share capital of the company. If the bid was successfully transferred, Dazhou Entertainment held a total of 2,625.3 shares, representing a total of 8.03% of share capital.

10 million shares of this auction were pledged to Tianjin Branch of Tianjin Bank Co., Ltd. shares. for issuing corporate bonds by the Shengda Group. Prior to the auction, the Shengda Group had 10 million shares of the company, representing 3.06% of the total share capital of the company. This is the third largest shareholder of the company. According to the “Share Transfer Agreement” signed by the Shengda Group and the Great Wall Group on July 20, 2014, Since the signing of the Share Transfer Agreement to complete the transfer of shares to the Shengda Group, the Shengda Group commissioned the Great Wall Group to manage its 10 million shares. The Shengda Group and the controlling shareholder of the Great Wall Film and Television Culture Group Group Co., Ltd., the actual controller of Zhao Ruyong, is a concerted action.

(Source article: China Securities Network)

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