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The 108 million shares held by Guangsha Holdings, the second largest shareholder of Dongwang Times (600052.SH), were frozen in a waiting list

author:Zhitong Finance

On February 9, 2022, 600052.SH the Company received a notice that 108.25 million shares of unrestricted circulation shares held by the Company's second largest shareholder, Guangsha Holding Group Co., Ltd. ("Guangsha Holdings"), were frozen in a waiting round, accounting for 100% of its shareholding and 12.82% of the Company's total share capital. The applicant for this freeze is Yankuang Group, and the reason for the freeze is a creditor's rights and debts dispute. The freeze starts on February 9, 2022, and the freeze period is 3 years.

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