Pingdingshan Tianan Coal shareholder cuts pledged shares

Pingdingshan Tianan Coal Mining's controlling shareholder China Pingmei Shenma Holdings Group released a pledge on 200 million shares on July 11.

This reduced the group's pledged shares from 640 million to 440 million, representing 40% of its holdings. The group's total shareholding with concerted parties remains 1.15 billion shares, with 38.23% now pledged.