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Wanhua Chemical shareholder pledges stake

March 4, 2025 at 05:09 PM UTCBy FilingReader AI

Yantai Zhongcheng Investment, a major shareholder in Wanhua Chemical Group (SSE: 600309), has pledged 25 million shares, representing 7.57% of its stake and 0.80% of Wanhua Chemical's total share capital, to Xizang Trust Co.,Ltd. This transaction, completed on March 3rd, 2025, and due to expire on March 5th, 2026, increases Zhongcheng's total pledged shares to 64.89 million, or 19.64% of its holdings. Including shares pledged by Zhongcheng's concerted party Ningbo Zhongkai, 134.29 million shares, or 21.24%, are currently pledged. According to the filing, the funds raised will be used for investment purposes.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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