Zhitong Finance App News, Rock Co., Ltd. (600696.SH) announced that the company's controlling shareholder, Shanghai Guijiu Enterprise Development Co., Ltd. (“Guiqi Development”), pledged 17.5 million shares of the company (accounting for 7.81% of the company's total shares held by Guiqi Development and its co-actors, accounting for 5.23% of the company's total share capital) to Tianjin Zhongcai Commercial Factoring Co., Ltd. (“Zhongcai Factoring”).
According to reports, the company received a written notice from your enterprise development on May 14, 2024. After the stock pledge expired, Gui Enterprise Development has been actively working with China Finance Factoring to resolve the above matters through pledge replacement and other methods to avoid enforcement, but in the end, the two parties failed to reach an agreement. Gui Enterprise Development recently received an “Enforcement Ruling” from the Shanghai Financial Court, which will dispose of 17.5 million company shares held by Gui Enterprise Development at a different price.