Ziguang group: the court ruled to freeze the equity of the company held by Tsinghua holdings and Jiankun group
Financial Associated Press, Dec. 20 - Ziguang group announced that in order to smoothly and steadily promote the judicial reorganization procedure of the company, the manager submitted the application for asset preservation to Beijing No. 1 Intermediate People's Court on December 16, 2021, requesting Beijing No. 1 Intermediate People's court to preserve all the equity of Ziguang group held by Tsinghua holdings and Jiankun group. On December 17, Beijing No. 1 Intermediate People's Court issued a civil ruling, ruling to freeze 51% of the company's equity held by Tsinghua Holdings (corresponding to the subscribed registered capital of 342 million yuan) and 49% of the company's equity held by Jiankun group (corresponding to the subscribed registered capital of 328 million yuan).
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