Opple Lighting controller unpledges 22.5m shares

Opple Lighting announced that its controlling shareholder Wang Yaohai has unpledged 22.5 million shares, representing 18.43% of his total holdings and 3.02% of the company's share capital.

This reduces his pledged shares from 45 million to 22.5 million. Wang and his concert parties now have 125 million shares pledged, representing 19.97% of their combined holdings.