Judicial Auction Scheduled for 58 Million Shares of DCWT Held by Controlling Shareholder

Stock News

May 26

DCWT (03768) announced that the company has taken note of a judicial auction notice published by the Sichuan Free Trade Zone People's Court on the JD.com judicial auction platform. The notice pertains to 58 million shares of the company, representing approximately 5.64% of its total issued share capital, held by its controlling shareholder, Kunming Dianchi Investment Co., Ltd. (Kunming Dianchi Investment). According to the auction notice, the judicial sale is scheduled to take place from 3:00 PM on June 15, 2026, to 3:00 PM on June 16, 2026, subject to automatic extensions in the event of ongoing bidding. As of the date of this announcement, Kunming Dianchi Investment holds approximately 447 million domestic shares of the company, constituting about 43.42% of the total share capital. All these shares are currently pledged and/or subject to judicial freeze. Should this judicial auction be successfully completed, the shareholding of Kunming Dianchi Investment in the company would be reduced to approximately 389 million shares, representing about 37.79% of the total issued share capital.

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The notice pertains to 58 million shares of the company, representing approximately 5.64% of its total issued share capital, held by its controlling shareholder, Kunming Dianchi Investment Co., Ltd. (Kunming Dianchi Investment). According to the auction notice, the judicial sale is scheduled to take place from 3:00 PM on June 15, 2026, to 3:00 PM on June 16, 2026, subject to automatic extensions in the event of ongoing bidding. As of the date of this announcement, Kunming Dianchi Investment holds approximately 447 million domestic shares of the company, constituting about 43.42% of the total share capital. All these shares are currently pledged and/or subject to judicial freeze. Should this judicial auction be successfully completed, the shareholding of Kunming Dianchi Investment in the company would be reduced to approximately 389 million shares, representing about 37.79% of the total issued share capital.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1194","symbol_name":"水公用事业","start_time":0,"source_url":"","article_id":"1164255986","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164255986","pubTimestamp":1779788185,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"DCWT (03768) announced that the company has taken note of a judicial auction notice published by the Sichuan Free Trade Zone People's Court on the JD.com judicial auction platform. 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