01778.HK has been notified by the major shareholder in the mood for Love year (01777.HK) that its pledge of about 780 million shares in the company has the right to be enforced. Today (the 10th), the stock price of Caisheng has repeatedly bottomed out, reaching a new low of 1 yuan, which is now reported at 1.02 yuan, down 12%, and the transaction has increased to 2.58 million shares.
Colorful Life announced that it had received notice from Tianfeng International Securities and Futures (TFISF) that it had failed to meet its payment obligations to TFISF, involving about US $96.98 million. 780 million shares of the company held by Tianfeng as the custodian of in the mood for years may be charged as security for the arrears claimed by TFISF and claims to have the right to enforce the charge. Fancy year is seeking legal advice to protect its legitimate rights and interests.