Risen Energy chairman pledges more shares amid 450m yuan guarantee

Risen Energy's subsidiary has provided a 450 million yuan guarantee for the parent company's loan from Export-Import Bank of China, secured by industrial properties.

Chairman Lin Haifeng pledged 6.8 million additional shares, bringing his total pledged shares to 117.68 million, representing 41.58% of his holdings and 10.32% of total share capital.

The company's total external guarantees now stand at over 3 trillion yuan.