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    *St Gaosheng (000971): Shares Held By Landing Industry Will Be Auctioned At 90178582 Shares

    2021/6/17 12:47:00 0

    *St GaoshengGaosheng HoldingLanting HoldingTextile StocksThe Latest Announcement

    * ST Gaosheng (000971. SZ) announced that the company has received the notification letter on public auction of its shares (LDP [2021] No. 002) from the manager of landing industry (Hubei) Co., Ltd. (landing industry), the second largest shareholder of the company.

    According to the proposal on applying for bankruptcy liquidation and asset disposal of landing industry (Hubei) Co., Ltd. passed by the second creditors' meeting of landing industry on December 20, 2019, the pledgee has applied for many times and submitted to Xiantao court for approval for execution, The manager will conduct the first public overall auction of 90.178582 million shares (8.60% of the company's total share capital) held by landing industry.

    The auction platform is Taobao Alibaba auction bankruptcy strong clearing platform. The announcement time is July 2, 2021, and the official auction time is from 10:00 a.m. on July 19, 2021 to 10:00 a.m. on July 20, 2021. The actual starting price is calculated by multiplying the average closing price (i.e. mA20) of the 20 trading days before the auction by the total number of stocks, and the deposit is RMB 5 million, The price increase range is an integral multiple of 1 million yuan (the specific situation shall be subject to the auction announcement issued).

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