Wanhua Chemical shareholder unpledges 13m shares

Wanhua Chemical announced that shareholder Ningbo Zhongkaixin Venture Capital has unpledged 13 million shares, representing 4.31% of its total holdings in the chemical company.

The transaction, completed July 14, reduces Ningbo Zhongkaixin's pledged shares to 70 million, or 23.19% of its stake. The investor holds 301.8 million shares, representing 9.64% of Wanhua Chemical's total share capital.