Kunming Dianchi Water Treatment Co., Ltd. Class H (HK:3768) has released an update.
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Kunming Dianchi Water Treatment Co., Ltd. has announced that its controlling shareholder, Kunming Dianchi Investment, is subject to a judicial auction and sale of significant share portions on online auction platforms, which could reduce its holdings from about 64% to 35%. The outcome of these auctions is still uncertain, and the company cautions shareholders and investors to be prudent in their dealings with company securities. The company will provide updates on the proceedings of the judicial auction and sale.
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