---
title: "Redco Healthy Living Warns Control May Shift as Receivers Take Charge of 75% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271330778.md"
description: "Redco Healthy Living Company Limited has announced that 75% of its shares, amounting to 150 million shares, are now under the control of newly appointed receivers due to an event of default related to a US$150 million facility. This change introduces uncertainty regarding the company's ownership structure, although current operations remain normal. The receivers have extensive powers over the shares, which could lead to a potential change in control. The company is closely monitored by investors for governance implications."
datetime: "2026-01-02T12:10:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271330778.md)
  - [en](https://longbridge.com/en/news/271330778.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271330778.md)
---

# Redco Healthy Living Warns Control May Shift as Receivers Take Charge of 75% Stake

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The latest update is out from Redco Healthy Living Company Limited ( (HK:2370) ).

Redco Healthy Living Company Limited has disclosed that 150 million of its shares, representing 75% of its issued share capital and previously pledged as security for a US$150 million facility granted to its controlling shareholder Redco Properties Group Limited, are now under the control of newly appointed receivers. Following a chain of assignments of the facility and associated security from Standard Chartered Bank to various parties and ultimately to China Billion International Limited as sole lender, an event of default has occurred, triggering enforcement rights under a deed of share security and leading to the appointment of joint and several receivers and managers over the pledged shares. The receivers now have broad powers over the charged shares, including taking ownership, changing registration, receiving dividends and selling the stake, and while there is currently no indication of an imminent sale or identified buyer, any enforcement action could result in a change of control at the company. For now, management states that the group’s business operations and management remain normal, but the enforcement process introduces material uncertainty over the company’s future ownership structure and may be closely monitored by investors and other stakeholders for potential governance and control implications.

**More about Redco Healthy Living Company Limited**

Redco Healthy Living Company Limited is a Hong Kong-listed company ultimately controlled by Redco Properties Group Limited through its immediate holding company, Top Glory International Holdings Limited. The company is part of a wider Chinese property-related group and its ownership structure is highly concentrated, with 75% of its issued shares held via a single block of shares that has been pledged as security under a large US$150 million financing arrangement.

**Average Trading Volume:** 740,349

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$116M

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