Zhejiang Fu Run (600070): Shareholders Pledge 4 Million Companies
On May 28th, Zhejiang Fu run (600070) Limited by Share Ltd (Stock Code: 600070) shareholder of fortune run Group Co., Ltd., invested 4 million shares in China Everbright Bank (601818) Limited by Share Ltd Shaoxing sub branch, providing guarantee for its own financing.
The 4 million shares of the pledge are 0.7664% of the total share capital of the company.
The time limit for hypothecation is from May 24, 2019 until the two sides of the pledge have gone through the lifting of the pledge procedure.
As of the announcement date, Fu run Holdings Limited holds 101 million 273 thousand and 442 shares of the company, all of which are tradable shares, accounting for 19.4030% of the total share capital of the company.
After the pledge of shares, the total number of shares pledged by Fu run Holdings Group Limited was 53 million 510 thousand shares, accounting for 52.8371% of its total shareholding, accounting for 10.2520% of the total share capital of the company.
The guaranty stock of Fu run Holding Group Limited provides guarantee for its own financing. Its repayment sources mainly include operating income, operating profit, investment income and so on. It has the ability to repay funds, and the resulting risk of collateral is within the controllable range, and there will not be any change in the actual control of the company.
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