Shengxin Lithium Energy shareholder pledges 11% of company

Shengxin Lithium Energy Group announced its controlling shareholder Shenzhen Shengtun Group and associate pledged 21.5 million shares to Xiamen Bank, representing 11.34% of the company's total share capital.

The controlling shareholder group now has nearly 104 million shares pledged, accounting for 49.80% of their total holdings in the lithium energy company.