Holly Futures shareholder Hongsu Industrial's 19.1349 million shares in the company will be subject to judicial enforcement
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HOLLY FUTURES announced that 19.1349 million shares of the company held by its shareholder Jiangsu Hongsu Industrial Co., Ltd. will be enforced by the Intermediate People's Court of Shenzhen, Guangdong Province. This action stems from a contractual dispute with Shanghai Gangtong Phase I Investment Partnership, and the court has ruled to change the price, auction, or sell 32.3654 million shares held by Hongsu Industrial. To date, 19.1349 million shares remain unexecuted, and a change in shares is expected to occur
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