Edition:
United Kingdom

Beijing Huaye Capital's 20.5 Percent Stake Held By Controlling Shareholder Frozen By Court


Monday, 12 Nov 2018 

Nov 12 (Reuters) - Beijing Huaye Capital Holdings Co Ltd <600240.SS>::SAYS CONTROLLING SHAREHOLDER'S 291.6 MILLION SHARES, OR 20.5 PERCENT STAKE, IN THE COMPANY HAVE BEEN FROZEN BY LOCAL COURT UNTIL NOV 11, 2021.SAYS COURT RULES IT AND UNIT HAVE TO REPAY 761.3 MILLION YUAN ($109.37 million) TO A TRUST FIRM, IMPACTS TO ITS NET PROFIT UNCERTAIN.