ST Gaosheng (000971): Real Control Changes Into Doubt
*ST high rise real control change into doubt
It is worth noting that the 22 million 650 thousand shares of Reed, originally owned by Yu Chi, will be auctioned by law in July 16th, and another 101 million shares will be auctioned at the end of July. As Yu Chi Reed filed for bankruptcy, the Court suspended the auction. China Securities Journal reporter found that Alibaba's judicial auction platform for the seven auction of Yu Chi Reed stock has been suspended. The 55 million 360 thousand shares of LAN ding industry will be auctioned in July 22nd, and the auction is not yet affected. *ST Gao Sheng said that the restructuring of the blue tripod industry and the bankruptcy process of Yu Chi Reed will lead to uncertainty in the control of the company and whether or not it will cause other effects.
The announcement showed that Yu Chi Reed could not repay debts due to insolvency and filed for bankruptcy with the Fangshan District people's Court of Beijing (hereinafter referred to as "Fangshan court"). The court of justice of Fangshan issued a civil ruling in July 11, 2019 and decided to accept Yu Chi Reed's bankruptcy application. In July 11, 2019, the Fangshan court issued a notice to the executive tribunal of the second intermediate people's Court of Beijing (hereinafter referred to as "the Executive Office of the second middle court of Beijing"), and informed the executive tribunal of the second middle court of Beijing to decide to suspend the civil execution procedure of the company's stock held by Yu Chi Reed.
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