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China Hanking Holdings Updates Share Pledge by Controlling Shareholder

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China Hanking Holdings Updates Share Pledge by Controlling Shareholder

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An update from China Hanking Holdings Ltd. ( (HK:3788) ) is now available.

China Hanking Holdings Limited has announced an update regarding the pledge of shares by its controlling shareholder. Bisney Success Limited and Tuochuan Capital have pledged a total of 500 million shares, representing significant portions of the company’s issued share capital, to Bank of Fushun Co., Ltd. as securities for new loans and loans for a subsidiary. This move is expected to impact the company’s financial strategy and liquidity, as well as its market perception, given the involvement of key stakeholders.

More about China Hanking Holdings Ltd.

China Hanking Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the mining industry. It focuses on the production of iron ore and other related products, with significant market activities in China.

Average Trading Volume: 2,593,650

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.78B

See more insights into 3788 stock on TipRanks’ Stock Analysis page.

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