Guanghui Logistics secures trust financing, major shareholder pledges shares

Guanghui Logistics Co., Ltd. announced a RMB500m trust financing from China Jingu International Trust Co., Ltd., with funds sourced from China Cinda Asset Management Co., Ltd. Xinjiang Uygur Autonomous Region Branch. This financing is backed by a share pledge and joint liability guarantee from Guanghui Group, the controlling shareholder.

Further guarantees include a mortgage from Sichuan Guanghui Shuxin Industrial Co., Ltd. and Xinjiang Huirun Xingjiang Real Estate Development Co., Ltd., as well as share pledges from Sichuan Guanghui Shuxin Industrial Co., Ltd. for its 60% equity in Huirun Xingjiang, and Xinjiang Wancai Investment Co., Ltd. for its 40% equity in Huirun Xingjiang. The guarantees were approved by the board and shareholders.

In a related announcement, Guanghui Group pledged 70,000,000 shares of Guanghui Logistics, representing 11.64% of its holdings and 5.87% of the total share capital, to China Jingu International Trust Co., Ltd. This pledge, effective until December 31, 2028, supports the listed company's financing. Following this pledge, Guanghui Group's cumulative pledged shares reached 170,000,000, accounting for 28.27% of its holdings and 14.25% of Guanghui Logistics' total share capital.