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.
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