Linzhou Heavy Machinery shareholder re-pledges 14.3m shares

Linzhou Heavy Machinery Group announced that controlling shareholder Guo Xiansheng has unpledged and re-pledged 14.32 million shares to Nanjing Zijin Asset Management for personal use.

The transaction represents 6.05% of Guo's total holdings and 1.79% of the company's total share capital. Guo currently holds 236.85 million shares, with 189.19 million shares (79.88% of his holdings) pledged.

The controlling shareholder and concerted parties have 243.62 million shares pledged, representing 30.39% of total share capital.