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China Sandi (0910) controller pledges 625m shares (14.01%) to Huarong Int Fin (0993) | Huarong filing
Disclosure of interest, 27-Dec-2017
This comes after Huarong bought 312.5m unlisted warrants from Kong LingLing at $0.06 per warrant, which it exercised at $0.24 per share on 22-Dec-2017. Huarong now also has a short interest in the same number of shares, suggesting that the controller has granted a put option and posted 625m shares as security for its obligations. Kong LingLing purchased the warrants on 24-Jan-2017 from CCB (0939) at $0.015 per warrant.
Organisations
- BEYOND STEADY LIMITED 堅越有限公司
- CHINA CONSTRUCTION BANK CORPORATION 中國建設銀行股份有限公司
- China Sandi Holdings Limited 中國三迪控股有限公司
- Huarong International Financial Holdings Limited 華融國際金融控股有限公司
- United Century International Limited (VG)
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