LONGi Green Energy Technology Shareholders Trim Stake After Release of Shares from Pledge
LONGi Green Energy Technology said the combined pledged stake of three major stakeholders decreased to 12.81% following the release of shares from pledge.Controlling shareholder Li Zhenguo released 80 million shares from pledge on June 22, reducing his total pledged holdings to 206 million shares, or 2.72% of total equity, according to a Wednesday filing on the Shanghai bourse.The shares had been pledged to Bohai International Trust.Li Zhenguo holds 14.08% of the company. His spouse, Li Xiyan, and their concert party Li Chunan maintain zero pledged shares.The released shares are not scheduled for re-pledging, though future pledges may occur based on personal needs.