Seazen Holdings' controlling shareholder partially releases pledged shares

Seazen Holdings (SSE:601155) announced that its controlling shareholder, Fuyu Development Group, has released 120,000,000 shares from pledge. The release, effective June 26, reduces Fuyu Development's pledged shares to 278,055,500, or 20.18% of its total holdings. The released shares represent 5.32% of Seazen Holdings' total share capital. Following the release, Fuyu Development intends to pledge the shares again, and Seazen Holdings committed to fulfilling the corresponding information disclosure obligations.