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Sunong Bank shareholder re-pledges $53m stock holdings

August 1, 2025 at 05:10 AM UTCBy 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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