Lao Feng Xiang (SHA:600612) unit Lao Feng Xiang Pawn received 131.7 million ordinary Class B shares in a reorganization service trust established for debtor Yibang Real Estate.
The trust, set up to avoid bankruptcy liquidation losses, holds Yibang Real Estate's assets, according to a Thursday filing with the Shanghai bourse.
No trust distributions have occurred yet.
Lao Feng Xiang Pawn initially sued Yibang Real Estate and its guarantor in September 2019 for repayment.
Shares of the jewelry company closed 1% lower Thursday.
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