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Chongqing Hongjiu Share Pledge and Trading Halt

Chongqing Hongjiu Share Pledge and Trading Halt

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 9 million domestic shares, representing 2.38% of his holdings, to East West Bank (China) Ltd. for a US$13 million loan. This pledge brings Mr. Deng’s total pledged shares to approximately 13.96% of the company’s total issued shares. Additionally, the company’s shares remain suspended from trading since March 20, 2024, as it works towards meeting the Resumption Guidance for trading approval.

For further insights into HK:6689 stock, check out TipRanks’ Stock Analysis page.

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