Kunming Dianchi Water Treatment Co., Ltd. Class H (HK:3768) has released an update.
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Kunming Dianchi Water Treatment Co., Ltd. announced the withdrawal of a judicial auction for 58 million shares held by its controlling shareholder, Kunming Dianchi Investment, due to objections from the shareholder. The shares account for approximately 5.64% of the company’s total shares and were previously subject to pledge/judicial freeze. The company will keep shareholders and investors updated on any significant developments regarding the judicial sale and the auction.
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