Asia
Shenzhen Topray Solar (SHE:002218) Controlling Shareholders Sue Over Equity
Shenzhen Topray Solar (SHE:002218) said lawsuits were filed over the ownership of 53.6% equity in the company's controlling shareholder, Shenzhen Aoxin Investment Development, according to a Tuesday filing with the Shenzhen bourse.Controlling shareholders and actual controllers, Chen Wukui and Li Fenyu, filed two lawsuits against their daughter, Chen Chen, seeking to reclaim the equity and invalidate a shareholders' resolution made by Chen Chen.Operations remain normal and the personal family dispute will not materially impact the company's business or performance.Shares of the solar energy company closed 8% lower Tuesday.
SHE:002218
