Chengtun Mining controlling shareholder adjusts share pledges

Shenzhen Chengtun Group, the controlling shareholder of Chengtun Mining Group, has announced new share pledges and released previous pledges.

The company newly pledged 90.2m shares to Xiamen Bank for supplementary working capital, while releasing a pledge on 120m shares.

Following these transactions, Shenzhen Chengtun Group's cumulative pledged shares now amount to 234.43m shares, representing 51.24% of its direct holdings and 7.59% of the company's total share capital.

The controlling shareholder and its consistent action parties collectively hold 554.8m shares. The aggregate pledged shares represent 42.25% of their total holdings.