Guangdong HEC Technology shareholders reduce pledged shares

Guangdong HEC Technology Holding announced that its controlling shareholder, Shenzhen HEC Industrial Development, and acting-in-concert party Yichang HEC Pharmaceutical have each unpledged 10m shares.

Following the transactions, Shenzhen HEC's pledged shares fell to 551.8m shares (89.34% of its holdings), while Yichang HEC's pledged shares dropped to 511.5m shares (93.85% of its holdings).

The combined pledged shares of both parties now total 1.24bn shares, representing 78.36% of their aggregate holdings.