China LNG Group (HK:0931) has released an update.
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China HK Power Smart Energy Group Limited’s controlling shareholder, Dr. Kan Che Kin, has pledged 170 million shares to secure a HK$20 million loan facility for the company. This move highlights the shareholder’s significant influence, with Dr. Kan holding over 60% of the company’s shares. Such strategic financial maneuvers can impact investor confidence and stock performance.
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