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Oak Co., Ltd. announced that the company previously filed a lawsuit against Jinshida and Jiaye Petrochemical for not paying impairment compensation for the solvent oil installation to Sichuan Oak, a holding subsidiary holding 87.75% of the company's shares, and the first instance decided to pay RMB 409.183,000. Recently, the company received the “Notice of Auction” and “Executive Ruling” from the Liaoyang Intermediate Court, ruling that 12.25% of the shares of Sichuan Oak held by Jiaye Petrochemical will be auctioned. Oak shares are the preferred purchaser.

Zhitongcaijing·09/16/2026 10:33:11
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Oak Co., Ltd. announced that the company previously filed a lawsuit against Jinshida and Jiaye Petrochemical for not paying impairment compensation for the solvent oil installation to Sichuan Oak, a holding subsidiary holding 87.75% of the company's shares, and the first instance decided to pay RMB 409.183,000. Recently, the company received the “Notice of Auction” and “Executive Ruling” from the Liaoyang Intermediate Court, ruling that 12.25% of the shares of Sichuan Oak held by Jiaye Petrochemical will be auctioned. Oak shares are the preferred purchaser.