ST Lida: After the controlling shareholder's 7.4 million shares were released from pledge, they were pledged again.
ST Lida announced that its controlling shareholder, Kolidar Group, pledged to Wuxi Rural Commercial Bank 7.4 million shares of unrestricted circulating stock on June 22 to handle the procedures of releasing and re-pledging, in order to supplement working capital. As of the announcement date, Kolidar Group held 111.6779 million shares of the company, accounting for 18.74% of the total share capital, with a cumulative pledge of 106.7210 million shares, representing 95.56% of its holdings and 17.91% of the total share capital. The controlling shareholder and its concerted action parties collectively hold 165.1230 million shares, accounting for 27.71%, with a cumulative pledge of 135.7210 million shares, representing 82.19% of their combined holdings and 22.77% of the total share capital.
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