FilingReader Intelligence

TBEA shareholder extends pledge on 4.58m shares

March 20, 2025 at 05:03 AM UTCBy FilingReader AI

TBEA Co., Ltd. [SSE:600089] announced that Xinjiang Honglian Venture Capital, the company's second-largest shareholder, has extended the repurchase date on a pledge of 4.58 million shares. The shares, initially pledged on March 21, 2024, were set to expire on March 20, 2025, and have been extended to March 20, 2026. The pledge is held by GF Securities. The pledged shares represent 13.86% of Xinjiang Honglian's holdings and 0.91% of TBEA's total share capital. Xinjiang Honglian holds 330,415,872 shares of TBEA, accounting for 6.54% of the total. The extension is part of Xinjiang Honglian's financing arrangements and does not involve new fundraising. The company stated that Xinjiang Honglian has a good credit profile and the ability to repay the financing through stock dividends and investment income.

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

SSE:600089Shanghai Stock Exchange
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