CONCORD HC GP (02453.HK): Controlling shareholder releases existing pledge and repledges 96,137,318 domestic shares as security for RMB 300 million loan facility
NewTimeSpace News: On 1 September 2026, Concord Healthcare Group Co., Ltd. (stock code: 02453) announced that the pledge of its domestic shares by controlling shareholder Shanghai Medstar was fully released on the same day, and that Shanghai Medstar repledged 96,137,318 domestic shares of the Company in favor of China Credit Trust Co., Ltd. (China Credit) as security for a loan facility of up to RMB 300 million provided by China Credit to the Group.
The announcement stated that Shanghai Medstar had previously pledged 23,070,000, 64,100,000 and 8,967,318 domestic shares of the Company on 10 July 2024, 14 October 2024 and 24 January 2025 respectively, as security for a loan facility of up to RMB 500 million, and that the pledge was fully released on 1 September 2026. The repledged 96,137,318 domestic shares represent approximately 49.96% of the total shares directly held by Shanghai Medstar in the Company; as of the date of this announcement, the aggregate domestic shares pledged by Shanghai Medstar represent approximately 12.27% of the total issued shares of the Company. To the best knowledge of the Directors, China Credit is an independent third party of the Company and its connected persons.
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