Telling Holdings announced that the judicial auction process for shares held by Shenzhen Tianfujin Venture Capital, a concert party of the company's controlling shareholder, has been suspended. The third public auction, originally scheduled from 10 a.m. on October 1, 2026 to 10 a.m. on October 2, 2026 on the JD Assets trading platform, involved 98,673,833 company shares, accounting for 9.63% of total share capital, and was withdrawn by the administrator before 10 a.m. on October 1, 2026. The suspension was due to a pledgee's application to defer disposal, and follow-up arrangements will be determined through negotiation by the administrator. As of now, Tianfujin holds 98,673,922 company shares, which remain under judicial freeze, and there is uncertainty over whether enforcement will resume in the future.
Telling Telecommunication Holding Co LtdJudicial auction of 9.63% stake held by controlling-shareholder concert party Tianfujin was suspended, leaving shares still frozen and enforcement uncertainty unresolved.
