--- title: "Original: The controlling shareholder pledged 3 million shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/245042377.md" description: "Original announced that its controlling shareholder, Zhengxin Tongchuang, has lifted the pledge on 3 million shares, accounting for 14.91% of its holdings and 4.02% of the company's total share capital. At the same time, Zhengxin Tongchuang will pledge 3 million unrestricted tradable shares, with the pledge starting on June 17, 2025. The pledgee is Shanghai Pudong Development Bank Shenzhen Branch, and the pledged financing funds will be used to provide guarantees for the actual controller, Wang Qiang. As of the announcement date, Zhengxin Tongchuang has cumulatively pledged 15 million shares, accounting for 74.54% of its holdings" datetime: "2025-06-18T08:17:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/245042377.md) - [en](https://longbridge.com/en/news/245042377.md) - [zh-HK](https://longbridge.com/zh-HK/news/245042377.md) --- # Original: The controlling shareholder pledged 3 million shares Original announced that its controlling shareholder Zhengxin Tongchuang has completed the release of the pledge on 3 million unrestricted circulating shares, accounting for 14.91% of its holdings and 4.02% of the company's total share capital. At the same time, Zhengxin Tongchuang has pledged part of its unrestricted circulating shares, with a pledged share count of 3 million, also accounting for 14.91% of its holdings and 4.02% of the company's total share capital. The pledge start date is June 17, 2025, and the pledgee is Shanghai Pudong Development Bank Co., Ltd. Shenzhen Branch. The pledged financing funds will be used to provide pledge guarantees for financing other companies controlled by the company's actual controller, Mr. Wang Qiang. As of the announcement date, Zhengxin Tongchuang has cumulatively pledged 15 million shares, accounting for 74.54% of its holdings and 20.12% of the company's total share capital ### Related Stocks - [603991.CN](https://longbridge.com/en/quote/603991.CN.md) ## Related News & Research - [Market Chatter: Canada PM Carney Pitches Reluctant British Columbia on New Oil Pipeline to Fuel Asia](https://longbridge.com/en/news/287111266.md) - [Should You Buy Euronext N.V. (EPA:ENX) For Its Upcoming Dividend?](https://longbridge.com/en/news/287004863.md) - [Investors Can Find Comfort In Polaris Media's (OB:POL) Earnings Quality](https://longbridge.com/en/news/287004804.md) - [Why Indian PE funds are betting big on consumer brands and manufacturing](https://longbridge.com/en/news/286875914.md) - [BYD is struggling to meet demand for new fast-charging EVs as orders reach 100K, 60K](https://longbridge.com/en/news/287109883.md)