Chenming Paper's controlling shareholder faces forced auction of 21.2m shares

Chenming Holdings, the controlling shareholder of Chenming Paper, has notified the company that a court plans to auction about 21.2006m of its A-shares. Should the auction go through in full, Chenming Holdings' stake would fall from 27.17% to 26.45% of total share capital, with control of the company unaffected.

Why this mattersA modest forced sale trims the controlling shareholder's stake without altering governance, limiting read-through for Chenming's strategy or creditors.

• Chenming Holdings currently holds 799,086,869 shares of Chenming Paper, 27.17% of total share capital
• A court plans to auction approximately 21,200,600 of these A-shares
• If fully sold, the stake would fall to 777,886,286 shares, or 26.45% of total share capital
• Chenming Paper states the auction will not change control of the company
• The company says the sale will have no significant adverse impact on governance or operations
• Disclosure made via a letter from Chenming Holdings to Chenming Paper, reported 6 November 2026

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