Yuyuan Tourist Mart's major shareholder adjusts pledged holdings
Shanghai Yuyuan Tourist Mart Group announced that its controlling shareholder, Fosun High-Tech, and its affiliates, have released and subsequently re-pledged a portion of their shares. Four affiliated entities — Shanghai Fosun Industrial Investment Co., Ltd., Zhejiang Fosun Commercial Development Co., Ltd., Shanghai Fuchang Investment Co., Ltd., and Shanghai Fojing Investment Management Co., Ltd. — collectively hold 493,013,227 shares, representing 12.67% of the company's total share capital. Following these transactions, their combined pledged shares now total 486,000,000.
Overall, Fosun High-Tech and its concert parties hold 2,409,720,644 shares, or 61.91% of Yuyuan Tourist Mart's total share capital. Post the recent activities, their cumulative pledged shares amount to 1,591,303,885, representing 66.04% of their total holdings. The pledges were made to Ping An Bank and primarily serve to repay debts.
The announcement further states that Fosun High-Tech and its concert parties have upcoming pledges maturing, with 246,262,885 shares (6.33% of total share capital) due within six months, corresponding to a financing balance of RMB 60,332.50万元. Within one year, 469,813,885 shares (12.07% of total share capital) are due, with a financing balance of RMB 118,932.50万元. The company asserts that the controlling shareholder's credit status is good, with sufficient repayment capacity, and these pledge activities will not negatively impact the company’s operations or control.
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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