Kangtong (01912) secured controlling shareholder's pledge of shares.

date
06:49 13/02/2026
avatar
GMT Eight
Contel (01912) announces that the Board of Directors has been informed by the Chairman of the Board, CEO and Executive Director, Mr. Lin Qiang, that on February 12, 2026, the Company's controlling shareholder, P.Grand (BVI) Ltd., has pledged all ordinary shares issued in the Company as collateral to the lender for the loan financing obtained by Mr. Lin.
Contelung (01912) announces that the Board of Directors of the Company has been informed by Mr. Lin Qiang, the Chairman of the Company and the Chief Executive Officer and Executive Director, that on February 12, 2026, the controlling shareholder of the Company, P.Grand (BVI) Ltd., has pledged all its ordinary shares issued in the Company as collateral to the lender for the loan financing obtained by Mr. Lin. P.Grand is a limited company registered in the British Virgin Islands, wholly owned by Mr. Lin. P.Grand holds beneficial ownership of a total of 663 million issued ordinary shares of the Company, representing approximately 50.29% of the total issued share capital of the Company as of the date of this announcement.