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 approximately 1.05% of his direct holdings, or 11.26% of the company’s total issued shares, as collateral for a RMB29,480,000 loan from China Zheshang Bank Co., Ltd. This financial move, which is part of a series of share pledges by Mr. Deng, is intended to provide security for the company’s loan facility.
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