Second judicial auction of 50.7138 million shares held by Sound Group, a shareholder with over 5% stake in TUS Environmental, fails

Corporate Action
โดย Jiemian·Read original
Summary · why it matters

TUS Environmental Technology Development Co., Ltd. announced that the second judicial auction of a combined 50,713,780 shares held by shareholder Sound Group Co., Ltd., which owns more than 5% of the company, and its concert party Sound Investment Holdings Co., Ltd. has failed. The auction ended at 10 a.m. on July 10, 2026, with the JD Asset Trading Platform showing no bids. The company stated that this auction will not have a material adverse impact on its operations and management, nor will it lead to a change in the controlling shareholder or actual controller. Whether there will be another auction remains uncertain.

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Off-coverage companies 2

桑德投资控股有限公司Private▼ Negative
Capitalrelevance

As the concert party, its shares failed to sell in auction, indicating potential liquidity or valuation issues.

桑德集团有限公司Private▼ Negative
Capitalrelevance

As the shareholder, its 50.7 million shares failed to sell in auction, reflecting possible financial distress.

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