ST Erya announced that 25 million shares held by its controlling shareholder, Hubei Meieriya Group, will be auctioned by the court from September 11 to 12, 2026. This represents 34.07% of its holdings and 6.94% of the company's total share capital, with a starting price of 108 million yuan. Currently, Meieriya Group holds a total of 73.39 million shares, accounting for 20.39% of the total share capital. If all the auctioned shares are sold and transferred, its holdings will drop to 48.89 million shares, representing 13.44% of the total share capital, but this will not lead to a change in control of the company. In the first quarter of 2026, the company achieved revenue of 81.05 million yuan and a net profit attributable to the parent of 3.74 million yuan.
Hubei Mailyard Share Co LtdControlling shareholder's shares being auctioned may signal financial distress and potential dilution of ownership, though control remains unchanged.
