JY Gas Ltd. Share Pledge by Controlling Shareholders

JY Gas Ltd. ( (HK:1407) ) has provided an announcement.

JY Gas Ltd. announced that its controlling shareholders, LXL Phoenix Limited and SEGM Holding Limited, have pledged a significant portion of their shares, totaling 217,800,000 ordinary shares, as security for a loan from a financial institution in Hong Kong. This pledge represents 49.5% of the company’s total issued share capital. The move does not serve as a guarantee for the company’s debts or obligations, and stakeholders are advised to exercise caution when dealing with the company’s shares.

The most recent analyst rating on (HK:1407) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on JY Gas Ltd. stock, see the HK:1407 Stock Forecast page.

More about JY Gas Ltd.

JY Gas Ltd. is a company incorporated in the Cayman Islands, operating within the energy sector. The company is involved in the gas industry, focusing on the provision and management of gas-related services and products.

Average Trading Volume: 1,412,225

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$247.1M

For a thorough assessment of 1407 stock, go to TipRanks’ Stock Analysis page.