ST Fuhua announced that 7.8 million shares held by shareholder Shanghai Shangke Technology Investment Co., Ltd. will be judicially auctioned, accounting for 11.2706% of its holdings and 1.1482% of the company's total share capital. The Shanghai Third Intermediate People's Court ruled on April 2, 2025 to accept the bankruptcy liquidation case of Shangke Technology filed by Shanghai Haibang Asset Management Co., Ltd., and appointed the Shanghai Free Trade Pilot Zone branch of Daxin Certified Public Accountants as the administrator. The administrator will publicly auction the above shares on the JD.com bankruptcy liquidation platform in accordance with the law. In the first quarter of 2026, ST Fuhua achieved revenue of 149 million yuan and a net loss attributable to the parent company of 10.94 million yuan.
Shanghai Fudan Forward S&T Co LtdMajor shareholder Shangke Technology's shares being judicially auctioned due to bankruptcy liquidation, indicating financial distress and potential overhang.