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Zhonggong Education: Shareholding of shareholder Li Yongxin has been frozen by the judiciary.
On October 25th, Jinshi data reported that Zhonggong Education announced that it had recently received a notice from shareholder Li Yongxin that some of its shares held by the company were frozen, totaling 116 million shares, accounting for 12.28% of its shareholding and 1.88% of the company’s total share capital. Among them, 48 million shares will be judicially frozen from October 9, 2024 to October 8, 2027, and 68 million shares will be judicially frozen from October 15, 2024 to October 14, 2027. Li Yongxin’s shares were frozen due to failure to repay debts, and he is currently actively promoting debt repayment work.