Key Points
- Nanshan Court to auction 43.4 million Jinjia Venture shares; Shenzhen Intermediate Court earlier announced 37.27 million.
- Combined auctions involve about 80.67 million shares, or 5.56% of total equity.
- Jinjia Venture’s holdings may drop from 31.90% to 26.34% if all auctions conclude.
- Company states control and operations remain unaffected; proceedings are still in the public notice stage.
Jinjia Group announced that its controlling shareholder, Shenzhen Jinjia Venture Investment Co., Ltd. (Jinjia Venture), will have part of its holdings auctioned by the Shenzhen Nanshan District People’s Court, involving about 43.4 million shares. Earlier, the Shenzhen Intermediate People’s Court announced another auction of 37.27 million shares. Together, the two auctions cover about 80.67 million shares, or 5.56% of Jinjia’s total equity. The company said these judicial auctions will not affect its control structure or operations.
Nanshan Court to Auction 43.4 Million Jinjia Shares
On October 22, Jinjia Group (Stock Code: 002191) disclosed that its controlling shareholder, Jinjia Venture, received a notice from the Shenzhen Nanshan District People’s Court regarding a judicial auction of part of its holdings.
The auction involves 43.4 million shares, representing 9.37% of Jinjia Venture’s holdings and 2.99% of Jinjia Group’s total shares. It is scheduled from November 25 to 26, 2025, on JD.com’s judicial auction platform.
The auction arises from a loan dispute between China CITIC Bank Shenzhen Branch and Jinjia Venture and its affiliates. The shares had previously been frozen by the court.
If completed, Jinjia Venture’s stake will decrease from 31.90% to 26.34%, and its combined holdings with acting-in-concert parties will fall from 34.62% to 29.06%. Jinjia emphasized that the auction will not lead to a change in control or materially impact corporate governance and operations.
Shenzhen Intermediate Court Previously Announced Auction of 37.27 Million Shares
Earlier, on October 15, Jinjia Group announced that the Shenzhen Intermediate People’s Court planned to auction 37.27 million shares held by Jinjia Venture.
This represents 8.05% of Jinjia Venture’s holdings and 2.57% of the company’s total equity. The auction, linked to a loan dispute with Zhejiang Commercial Bank’s Shenzhen Branch, is scheduled from November 17 to 18, 2025.
Both auctions are currently in the public notice stage, and results such as bidding, payment, or ownership transfer remain uncertain.
Combined Auctions Involve Over 80 Million Shares
If both auctions proceed successfully, a total of 80.67 million Jinjia Venture shares—about 17.42% of its holdings and 5.56% of Jinjia Group’s total equity—will be sold.
Jinjia noted that an additional 15 million shares may also face enforcement actions. The company said it will continue to monitor developments and disclose updates in accordance with regulatory requirements.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
