Chang Aluminum: Some shares of the controlling shareholder have been judicially frozen, accounting for 1.39% of the total shares outstanding.
Chang Aluminum announced that on March 20, it learned that its controlling shareholder, Qilu Caijin, had 14.3273 million shares of the company frozen by judicial order. The freezing period started on March 18 and will expire on March 19, 2029. The reason for the freeze is that Qilu Caijin provided joint guarantees for a financing lease contract dispute of a subsidiary, which led to the application for property preservation. As of the announcement date, the cumulative frozen shares of Qilu Caijin accounted for 10.9844% of the company's total share capital. It is preliminarily judged that this does not currently affect its controlling shareholder status, and there is no direct impact on the company's daily operations.
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