Chinese real estate developer Oceanwide Holdings faces major shareholding changes after part of its equity was put up for judicial sale by its indebted controlling shareholder.
A total of 294 million shares in Oceanwide Holdings were auctioned between Monday and Tuesday, records from a judicial auction platform run by Alibaba Group showed. The equity -- originally held by main shareholder China Oceanwide Holdings Group -- accounted for 3.39% of Oceanwide Holdings.
