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Jiangsu Changalu Aluminum Co., Ltd.: partial repurchase of shareholder Equity Pledge Business
Jul 31,2019 08:44CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM News: recently, Jiangsu Changal Aluminum Group Co., Ltd. received a notice from its shareholder, Shanghai Longniu Industrial Development Co., Ltd. (Shanghai Longnii holds 69424143 of the total share capital of the company). Shanghai Longwei will pledge the previous part of the shares of the Company to Haitong Securities Co., Ltd. On July 30, Jiangsu Changal Aluminum Group Co., Ltd. issued an announcement on the repurchase of part of the shareholder equity pledge business. The original announcement is as follows:

I. the basic situation of this repurchase

II. Cumulative pledge of shareholders' shares

As of the date of this announcement, a total of 61.189995 million shares of the company have been pledged, accounting for 88.14% of the shares held by the company and 8.09% of the total share capital of the company.

Shanghai Longwei credit is in good condition and has the corresponding ability to repay funds. The resulting pledge risk is within the controllable range, and there is no risk of closing positions for the time being. Attached: 1. "Application for partial Repurchase of Stock Pledge Business of Haitong Securities Co., Ltd."-Shanghai Longji.

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