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On May 24, Pengdu Agriculture and Animal Husbandry issued an announcement stating that due to contract disputes with China Great Wall Asset Management Co.
, Ltd.
(referred to as "Great Wall Assets"), the controlling shareholder Shanghai Pengxin (Group) Co.
, Ltd.
(referred to as "Pengxin Group") ") The 177 million shares of Pengdu Agriculture and Animal Husbandry held were frozen by the judicial system
.
Currently, Pengxin Group holds a total of 697 million shares of Pengdu Agriculture and Animal Husbandry, accounting for 10.
93% of the total equity of Pengdu Agriculture and Animal Husbandry
.
Recently, Pengdu Agriculture and Animal Husbandry was informed that due to a contractual dispute between Pengxin Group and China Great Wall Asset Management Co.
At present, Pengxin Group is actively communicating with Great Wall Assets and the court on the contingent contract dispute and freezing matter.
The company's previous operations were normal and the cash flow was abundant
.
No forced transfer or judicial auction of Pengdu Agricultural and Animal Husbandry shares held will not lead to changes in the actual control of the listed company or the largest shareholder