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Zhejiang Furun (600070): The Controlling Shareholder Pledged 4 Million Shares
Zhejiang Furun (600070. SH) announced that on September 11, 2020, Furun group, the controlling shareholder of the company, handled the securities pledge registration business in China securities registration and Clearing Co., Ltd., and pledged its 4 million shares of the company's circulation shares with unlimited sales conditions to Shaoxing Branch of China Everbright Bank Co., Ltd.
Furun group holds 101 million shares of the company, accounting for 19.40% of the total share capital of the company. After the pledge, Furun group has pledged 49.6 million shares of the company, accounting for 48.98% of its total shares and 9.50% of the total share capital of the company.
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