The reporter learned from Changbai Mountain Tourism Co., Ltd. (referred to as "Changbai Mountain")，Changbai Mountain held by China Jilin Forest Industry Group Co., Ltd. (referred to as "Jilin Forest Industry Group") is about 1320.750,000 shares were judicially auctioned，The auction failed due to no bidder，188bet best bookmaker Dalian Branch applied to the court for payment of debts in property，Plan to receive this share，Court ruling，Judicial transfer of the above shares to 188bet best bookmaker。

It is reported，Jilin Forest Industry Group is currently the second largest shareholder of Changbai Mountain，Hold Changbaishan 9.91% equity。Due to contract dispute，And failed to fulfill the obligations determined by effective legal documents，188bet best bookmaker Asset Management Co., Ltd. Dalian Branch (referred to as "188bet best bookmaker Dalian Branch") holds about 1320 Changbai Mountain held by Jilin Forestry Group.Application for property preservation of 750,000 shares，And it will be held at judicial auction from June 27th to 28th，Later, the auction failed because no one participated in the bidding。

July 2，Jilin Forest Industry Group forwarded the court’s ruling to Changbai Mountain。Display of ruling document，After the shares were sold out，The applicant, 188bet best bookmaker Dalian Branch, applied to the court for payment of debts in kind on June 28，Agree to buy about 1 at the failed auction price.3.7 billion yuan accepted for unsold shares，To offset the bonds of Jilin Forestry Group。

Changbai Mountain Announcement Display，188bet best bookmaker Dalian Branch does not have legal person status，And no independent property，Therefore, the recipient of the property for this purpose is 188bet best bookmaker Asset Management Co., Ltd. (referred to as "188bet best bookmaker")。

The shares to be judicially transferred this time account for approximately 4% of Changbaishan’s total share capital.95%。188bet best bookmaker has completed the share transfer registration procedures，will become the new shareholder of Changbai Mountain。At the same time，The shareholding ratio of Jilin Forest Industry Group will also be increased from 9.91% dropped to 4.95%，Withdraw from the ranks of major shareholders holding more than 5% of shares。

As of today，188bet best bookmaker has not yet completed the relevant share transfer registration procedures。Deputy General Manager of Changbaishan、Mr. An, secretary of the board of directors, told the Beijing News reporter，Because the transfer has not been completed yet，And the reconciliation has not been completed，Changbai Mountain has not yet contacted 188bet best bookmaker，But they welcome 188bet best bookmaker to become a shareholder。He thinks，Ownership diversification is a good thing for Changbai Mountain，“188bet best bookmaker has a state-owned assets background，It can take the initiative to receive Changbaishan shares，Instead of continuing the foreclosure，Indicates that 188bet best bookmaker has confidence in Changbai Mountain。”

In addition，Mr. An thinks，Compared with Jilin Forest Industry Group，188bet best bookmaker’s shareholder role is better。The shares of the listed company Jilin Forestry Industry Co., Ltd. ("Jilin Forestry") held by Jilin Forestry Group have also been auctioned。

According to Jilin Forestry Industry’s disclosure on July 3，June 27-28，The 24.7 million unrestricted shares of Jilin Forestry held by Jilin Forestry Group were judicially auctioned，Unsuccessful auction。Court ruling，Transfer this part of the shares to 188bet best bookmaker at the unsold price，To offset the corresponding debt owed by Jilin Forestry Group。

*This 188bet best bookmakerSource: Beijing News, forAuthor: Wang Qingbin, original title: "188bet best bookmaker plans to take over the shares of Changbai Mountain that were not auctioned，Or grow as a shareholder of Baishan》.