Yuyuan Tourist Mart shareholder pledges more shares

Shanghai Yuyuan Tourist Mart reported that controlling shareholder Fosun High-Tech's subsidiary released 20 million shares and pledged 22 million shares for liquidity purposes.

Following the transactions, the subsidiary's pledged shares total 463.7 million, representing 45.31% of its holdings and 11.90% of Yuyuan Tourist Mart's total share capital.

Fosun High-Tech and concert parties collectively hold 61.84% of the company's shares, with 64.76% of their holdings currently pledged. Pledged shares worth 187.9 billion yuan expire within six months.