Tian Shan Aluminium controllers pledge 148.5m shares for debt

Tian Shan Aluminium Group announced its de facto controllers, Zeng Chaoyi and Zeng Chaolin, have pledged 148.5 million shares totaling 3.19% of the company's shares to repay existing debt.

Zeng Chaoyi pledged 68 million shares (17.34% of his holdings) while Zeng Chaolin pledged 80.2 million shares (26.55% of his holdings). Their combined accumulated pledged shares now represent 51.56% of their total holdings.