---
title: "Hainan Ruize: The judicial auction of 15,002,700 shares held by shareholders has been withdrawn"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249288243.md"
description: "On the evening of July 20th, Hainan Ruize announced that the Qionghai City Court in Hainan Province had scheduled a public auction of all the company's shares held by the shareholder Sanya Daxing Group Co., Ltd., totaling 15.0027 million shares, from 10:00 on July 21st to 10:00 on July 22nd on the Taobao judicial auction online platform. Recently, the company learned through the Taobao judicial auction online platform that, due to the parties reaching an execution settlement, there is no need to auction the property, and this judicial auction has been withdrawn"
datetime: "2025-07-20T09:29:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249288243.md)
  - [en](https://longbridge.com/en/news/249288243.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249288243.md)
---

# Hainan Ruize: The judicial auction of 15,002,700 shares held by shareholders has been withdrawn

Hainan Ruize announced on the evening of July 20 that the Qionghai City Court in Hainan Province had scheduled a public auction of all the company's shares held by shareholder Sanya Daxing Group Co., Ltd., totaling 15.0027 million shares, from 10:00 on July 21 to 10:00 on July 22 on the Taobao judicial auction online platform. Recently, the company learned through the Taobao judicial auction online platform that, due to the parties reaching an execution settlement, there is no need to auction the property, and this judicial auction has been withdrawn

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