Zhitong Finance App News, Gengxing Co., Ltd. (600753.SH) announced that 79.296 million shares (34.71% of the company's total share capital) held by Zhonggeng Real Estate Group Co., Ltd. (“Zhonggeng Group”), the company's former controlling shareholder, were judicially auctioned off.

After this change in equity, Zhejiang Haixin Energy Co., Ltd. (“Haixin Energy”) held 55.5 million shares of the company, accounting for 24.10% of the company's total share capital. The controlling shareholder of the company was changed from Zhonggeng Real Estate Group Co., Ltd. to Zhejiang Haixin Energy Co., Ltd., and the actual controller of the company was changed from Liang Yanfeng to Zhong Renhai.