Shares Frozen 股份冻结
The badges are our classification; the headline is the filing's own title.
标签为本站分类，标题为公告原文。
What This Means 这类披露的含义
These notes describe the category of disclosure in general.
以下说明针对这一类披露的一般情况。
A court has frozen shares, usually as security while a dispute or an enforcement action is unresolved.
法院冻结股份，通常是纠纷或执行案件了结前采取的保全措施。
Frozen shares cannot be sold or pledged. A freeze on a controlling stake points to an unsettled claim against the holder, which can escalate to a judicial auction.
被冻结的股份不能出售或质押。控股股东股份被冻结，说明该股东有未了结的债务纠纷，事态可能升级为司法拍卖。
A major shareholder has pledged shares as collateral for a loan, or added to such a pledge.
大股东以所持股份质押借款，或进行补充质押。
Pledging is common. A high pledge ratio at a controlling holder raises the risk of forced selling if the price falls to the margin line, and forced selling can push the price lower still.
股份质押很常见。控股股东质押比例较高时，一旦股价跌至平仓线，就可能被强制平仓，而强制平仓又会进一步压低股价。