DCWT: Judicial Auction of 58.00 Million Shares Could Trim Controlling Shareholder’s Stake to 37.79%

Bulletin Express
05/26

Kunming Dianchi Water Treatment Co., Ltd. (DCWT) disclosed that the People’s Court of Sichuan Pilot Free Trade Zone has scheduled a judicial auction of 58.00 million DCWT domestic shares—equivalent to 5.64% of total share capital—held by controlling shareholder Kunming Dianchi Investment Co., Ltd.

The online auction will run from 15:00 on 15 June 2026 to 15:00 on 16 June 2026 via the JD.com Judicial Auction Platform (link: https://paimai.jd.com/310677442). The outcome remains uncertain as the process is currently in its public announcement phase and may be extended automatically if bidding continues.

As of the announcement date (26 May 2026), Kunming Dianchi Investment holds 446.89 million DCWT shares, representing 43.42% of the company’s total issued shares; all of these shares are under pledge or judicial freeze. Completion of the planned auction would cut the shareholder’s holding to 388.89 million shares, or 37.79% of the company’s equity.

The company will monitor developments and release further updates as necessary. Shareholders and investors are urged to exercise caution when dealing in DCWT securities.

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