Chongqing Hongjiu Fruit Co. Ltd. Class H (HK:6689) has released an update.
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Chongqing Hongjiu Fruit Co. has announced that its controlling shareholder, Ms. Jiang Zongying, has pledged 21 million H Shares as security due to unmet financial obligations. This pledge, representing about 16.38% of her total shares, is a move to assure the company’s future repayment commitments. Meanwhile, trading of the company’s H Shares remains suspended pending regulatory approval.
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