CH TIANBAO GP (01427) held 450 million US dollars in loans financed by pledging approximately 263 million shares.
China Tianbao Group (01427) announced that the company has been informed by its controlling shareholder, Lucky International Industrial Co., Ltd., that it has...
CH TIANBAO GP (01427) announced that the company's controlling shareholder, Ji Xiang Xinjiang International Industry Co., Ltd., informed that it pledged 263,380,800 shares of the company to Ninety Nine Dragons Limited (as the mortgage agent) on January 15, 2025, as collateral for a $45 million loan provided to the company. As of the date of this announcement, Ji Xiang Xinjiang International Industry Co., Ltd. owns 67.66% of the total issued shares of the company, and the pledged shares account for approximately 30% of the total issued shares of the company.
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