# judicial auction
Latest news and articles about judicial auction
Total: 3 articles found
China’s Corn-Oil King Faces Forced Sale as Founder’s Empire Unravels
Xiwang Food, China’s leading corn-oil brand, faces a judicial auction of 200 million shares held by indebted parent Xiwang Group on March 30–31, 2026. The forced sale follows years of aggressive diversification, heavy losses and creditor actions that have left the group’s other listed units collapsed, while the food business still retains a strong market position despite mounting impairments.
Judicial Auction Sells Nearly 6% of Pediatric Drug Firm as Creditors Move In
ST Huluwa, a Chinese paediatric drug manufacturer, saw 23.9 million shares (about 5.97% of equity) sold at a judicial auction after a major-shareholder pledge triggered creditor action. Buyers included private funds and individuals; Huluwa Investment remains the largest shareholder but its stake fell to 35.79%. The sale highlights acute liquidity, governance and regulatory problems at the company and the broader risks that share pledges pose in China’s markets.
400‑Year‑Old Knife‑and‑Scissors Maker Loses Majority After Debt‑Driven Share Auction
Zhang Xiaoquan, a 400‑year‑old knife‑and‑scissors maker listed in 2021, has seen its largest shareholder position change hands after judicial auctions triggered by its controlling group’s debt crisis. The company now lacks a controlling shareholder, faces concentrated revenue risk and governance uncertainty, even as a new investor with e‑commerce credentials forecasts a sizeable profit rebound for 2025.