Chongqing Hongjiu Fruit Co. Ltd. Class H (HK:6689) has released an update.
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Chongqing Hongjiu Fruit Co., Ltd. has announced that its controlling shareholder, Mr. Deng Hongjiu, has pledged an additional 3.49% of his shares as security for a RMB110 million loan from the Chongqing Branch of Bank of Chengdu Co., Ltd. This latest pledge brings Mr. Deng’s total pledged shares to 13.40% of the company’s issued shares. Meanwhile, the company’s shares continue to be suspended from trading since March 20, 2024, as it works to meet the Stock Exchange’s Resumption Guidance requirements.
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