Core Viewpoint - The announcement from Dazhong Mining indicates that its controlling shareholder, Zhongxing Group, has pledged 150 million shares on June 19, 2025, due to a significant increase in the company's stock price since June. On November 11, the group preemptively released 65 million shares from the pledge, which accounts for 9.29% of its holdings and 4.31% of the company's total share capital. The pledge was secured by DBS Bank (China) Limited. As of the announcement date, Zhongxing Group and its concerted parties have a total of 270 million pledged shares, representing 27.27% of their holdings, indicating that the risk is manageable [1]. Group 1 - Zhongxing Group pledged 150 million shares on June 19, 2025, due to stock price increase [1] - On November 11, 2023, Zhongxing Group released 65 million shares from the pledge, representing 9.29% of its holdings [1] - The total pledged shares by Zhongxing Group and its concerted parties amount to 270 million, which is 27.27% of their holdings [1]
大中矿业：控股股东提前解除质押6500万股股份