DZUG (01635.HK): controlling shareholder pledges 25m A shares
- The controlling shareholder holds 538,321,859 shares, of which 495,143,859 are A shares and 43,178,000 H shares, or 18.23% of total share capital.
- The 25 million A shares pledged carry a term to 8 November 2027, with proceeds used for working capital.
NewTimeSpace News: On 10 November 2026, Shanghai Dazhong Public Utilities (Group) Co., Ltd. (stock code: 01635) issued an overseas regulatory announcement under Rule 13.10B, reproducing the announcement published on the Shanghai Stock Exchange website on the pledge of part of its controlling shareholder's shares. Shanghai Dazhong Enterprise Management Co., Ltd. holds 538,321,859 shares, including 495,143,859 A shares and 43,178,000 H shares, equal to 18.23% of total share capital.
On 9 November 2026 it pledged 25 million A shares to the Xuhui Sub-branch of Bank of Shanghai until 8 November 2027, equal to 4.64% of its holding and 0.85% of total share capital, with proceeds for working capital. Its pledged A shares now total 206 million, or 38.27% of its holding and 6.98% of total share capital, with no restricted or frozen shares among the pledged and unpledged holdings.
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