Zhejiang Resources (600070): Controlling Shareholders Lifting Pledge 3 Million 500 Thousand Shares Pledge 5 Million Shares
Zhejiang 600070.SH announces that the controlling shareholder of the group, Fu run group, has recently given the original pledge to the 3 million 500 thousand shares of the Shaoxing branch of Zhuji branch of Huaxia Bank Limited by Share Ltd to understand the pledge procedure.
In December 13, 2019, Fu run group handled the securities pledge registration business in China Securities Depository and Clearing Co., Ltd., and mortgaged 5 million tradable shares of its company to Zhuji branch, Shaoxing branch of Huaxia Bank.
Fu run group holds 101 million shares of the company, accounting for 19.40% of the total share capital of the company. After the lifting of the pledge and the pledge of further quality, the company has accumulated 59 million 110 thousand shares of the pledged company, accounting for 58.37% of its total shareholding, accounting for 11.32% of the total share capital of the company.
The company's controlling shareholder, Fu run group and its concerted action Zhejiang Zhuji Hui Feng Venture Capital Co., Ltd. (hereinafter referred to as "Hui Feng investment") altogether holds 133 million shares of the company's shares, accounting for 25.57% of the total share capital of the company. The lifting of the pledge and the subsequent pledge to postpone the pledge, the controlling shareholders and their acting people accumulated 91 million 316 thousand and 666 shares of the pledged company, accounting for 68.41% of their total shareholding, accounting for 17.49% of the total share capital of the company.
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