Liu Yong, the major shareholder of China Submarine (300526.SZ), holds 9.79 million shares or passively reduces his holdings

On October 15, 2021, Huajin Securities 300526.SZ, the custodian of the company's shares held by Mr. Liu Yong, a shareholder holding more than 5% of the company's shares, received the "Notice of Assistance in Enforcement" from the Intermediate People's Court of Hefei City, Anhui Province, and due to Mr. Liu Yong's debt problem, the court notice required Huajin Securities to directly sell 9.79 million shares of the company's outstanding shares held by Mr. Liu Yong, which it was entrusted to manage.

This article originated from Zhitong Finance Network