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China Broadcasting Network (00471.HK) Major Shareholder Has Over 53.287M Pledged Shares Forcibly Sold; Trading to Resume Tomorrow
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China Broadcasting Network (00471.HK) announced that its major shareholder, Chi Capital Holdings Ltd (CCH), failed to repay loans in accordance with the loan agreement. As a result, the lender forcibly sold 53.287 million pledged shares held by CCH in the Company on April 21. Following a significant share price decline on April 22, 24.352 million shares held by Chairman and Executive Director Zou Yifeng were also forcibly sold.
After the disposals, CCH's shareholding in the Company decreased from 12.68% to 1.58%. Mr. Zou now holds a total of 12.2383 million shares, representing 2.55% of the issued share capital.
Before suspension, the Companys shares last closed at HKD0.26, down HKD0.64 or 71.11%, with a trading volume of 329 million shares. The shares have applied to resume trading on Thursday (23).
AASTOCKS Financial News
Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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