---
title: "ST YATAI: The 51% equity of the holding subsidiary was released from pledge on March 11"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/278860865.md"
description: "ST YATAI announced that in June 2023, the company pledged 51% of its equity in Cangzhou Lingang Yanuo Chemical Co., Ltd. to Guangzhou Wanshun for a loan of 200 million yuan. The loan was overdue and unpaid by December 31, 2024. In 2025, the company entered the reorganization process, and in February 2026, the administrator completed the distribution of Guangzhou Wanshun's creditor rights according to the reorganization plan. On March 12, the company received the \"Notice of Cancellation of Equity Pledge Registration,\" and the aforementioned 51% equity was fully released from the pledge on March 11"
datetime: "2026-03-12T10:10:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278860865.md)
  - [en](https://longbridge.com/en/news/278860865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278860865.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/278860865.md) | [繁體中文](https://longbridge.com/zh-HK/news/278860865.md)


# ST YATAI: The 51% equity of the holding subsidiary was released from pledge on March 11

\*ST YATAI announced that in June 2023, the company pledged 51% of its equity in Cangzhou Lingang Yanuo Chemical Co., Ltd. to Guangzhou Wanshun for a loan of 200 million yuan. The loan was overdue and unpaid by December 31, 2024. In 2025, the company entered the reorganization process, and in February 2026, the administrator completed the distribution of Guangzhou Wanshun's creditor rights according to the reorganization plan. On March 12, the company received the "Notice of Cancellation of Equity Pledge Registration," and the aforementioned 51% equity was fully released from the pledge on March 11

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