Zhejiang Resources (600070): Controlling Shareholders To Lift Pledge And Pledge 11 Million 500 Thousand Shares Again
Zhejiang Fu run (600070) announced that in March 19, 2020, the company received a notice from the controlling shareholder, Fu run group, that the group has handled the lifting of the pledge and re mortgage procedures of some of its holdings, including lifting the pledge and re mortgage 11 million 500 thousand shares, accounting for 11.36% of its holdings.
The company's controlling shareholder, Fu run Holding Group Co., Ltd. ("Fu run group") holds 101 million 273 thousand and 442 shares of the company, accounting for 19.40% of the total share capital of the company. After the lifting of the pledge and the pledge of further quality, the company has accumulated 49 million 100 thousand shares of the pledged company, accounting for 48.48% of its total shareholding, accounting for 9.41% of the total share capital of the company.
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