FilingReader Intelligence
Sunong Bank shareholder re-pledges $53m stock holdings
August 1, 2025 at 05:10 AM UTC•By FilingReader AI
Hengtong Group, a major shareholder of Jiangsu Suzhou Rural Commercial Bank, released 58.3 million shares on July 29 before re-pledging 53 million shares to GF Bank the following day.
The transactions bring Hengtong Group's total pledged shares to 100.12 million, representing 72.84% of its holdings and 4.96% of Sunong Bank's total share capital. The funds are intended for corporate operating purposes.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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