Guangdong HEC controlling shareholder pledges 97% of holding

Yichang HEC Pharmaceutical, an associate of Guangdong HEC Technology Holding's controlling shareholder, pledged an additional 20 million shares on July 31, bringing its total pledged shares to 531.5 million - representing 97.52% of its holding.

The controlling shareholder and associates now have 1.26 billion shares pledged, accounting for 79.62% of their combined holdings. Nearly 178 million shares are due to mature within six months, backed by CNY 1.77 billion in financing.