Laobaixing Pharmacy controlling shareholder unpledges 18.8m shares

Laobaixing Pharmacy Chain announced its controlling shareholder, Laobaixing Pharmaceutical Group, released pledges on 18,810,000 shares on August 13. The shares were previously pledged to China Construction Bank and China Merchants Bank.

Following the release, the pharmaceutical group retains 100,140,000 pledged shares, representing 55.49% of its total holdings and 13.17% of Laobaixing Pharmacy's total share capital.