The quakers (300027. Sz) will be auctioned for the 1. 3 million shares they actually control。
The bureau of red star capital noted that, as at 3 april, the shares of 229 million shares held by both zhongjun and zhong zheng zheng were frozen, and that the quakers are expected to continue to lose in 2025 and may be subject to a risk warning for discharge in the future。
By company announcement
1. 3 million shares will be auctioned
Case based on a financial borrowing contract dispute
On the evening of 3 april, the chinese brothers announced that the 1. 3 million shares held by their controlling shareholders and de facto controlrs, wang zhong chong chong, were to be auctioned, accounting for 17. 10 per cent of the total shares of their companies and 0. 41 per cent of the company's total equity。
The red star capital bureau enquired at the kyoto asset trading platform and found that these stocks are currently on board on the platform, divided into six items, with a starting bid ranging from $2. 41 million to $2. 54 million, from 4 may to 10 a. M. On 9 may。
In this way, the starting bid was anchored at $1. 337/equity, slightly lower than its closing price of $1. 49/equity as at 3 april。
Screenshot from kyoto asset trading platform
The auction page shows that the auction was handled by the intermediate people's court of suzhou, jiangsu province, and that the applicant was the siozhou branch of the people's bank, a dispute over a financial borrowing contract。
In addition, in the proclamation, the zhongjun and zhong chong chong cai were known to be co-operators and controlling shareholders in the company. As at 3 april, the sum of 229 million shares held by both persons had been frozen, representing 8. 26 per cent of the company's total equity。
Brother hua also stated that, at present, the business of the company is functioning normally and that the judicial auction will not have a significant negative impact on the company's production operations, corporate governance, etc. In the event of a successful auction of the above-mentioned shares, the company's actual controller and his or her co-actor together hold 7. 86 per cent of the company's total equity and remain the company's first-largest shareholder。
However, they also indicated that there was a risk of instability of control due to the low shareholding of the first largest shareholder. Since the second largest shareholder does not serve as a director in the company, there will be no substantive impact on board decision-making and operationalization。
Projected net loss of hundreds of millions in 2025
Three alerts have been issued for possible de-marketing
In january of this year, the quakers issued a performance forecast that their net loss in 2025 is expected to be between $289 million and $407 million, and their non-net loss between $314 million and $417 million。
Brother hua also indicated that its projected net assets at the end of 2025 were estimated at -94 million to 63 million. If the net assets audited at the end of 2025 are negative, they will be subject to a risk warning of de-marketing in accordance with the relevant provisions。
On 3 april, for the third time, the quakers issued a related bulletin on the possible imposition of a risk warning on corporate stock exchanges. The bulletin also states that it will endeavour to take measures to improve business capacity and corporate performance in order to safeguard the legitimate interests of a large number of investors, to follow progress positively and to comply with the obligation to disclose information in a timely manner, in strict compliance with legal and regulatory requirements and rules。
Since the beginning of the year, the chinese brothers'stock prices have been declining. On 3 april, the chinese brothers offered a bid of $1. 49 per share, with a total market value of approximately $4. 1 billion。
The bureau of red star capital noted that in 2025, mr. And mrs. Wang xiaoyong tried to move from behind the scene to the stage. Wang zhongcheng has updated 40 videos on the shivering platform, with a total of 65,000 fans to date, but not again in 2026。
As previously reported by the red star capital bureau, in june 2025, wang zhongxiang published several videos visiting hu bei chun, visiting lee's home to trace the cultivation, production, etc.; last january, wang zhiyong announced in a tremor that he was opening an acupuncture house, opening on 13 january。
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