The 50 Million Shareholders Of The Nine Stockholders' Investment Pledge Increased By 2% In The First Three Quarters Of The Year.

On April 15th, the nine stockwood king Limited by Share Ltd (Stock Code: 601566) shareholders, 9 Mu Wang International Klc Holdings Ltd, made 50 million shares of the Changan International Trust Limited by Share Ltd Pledged Shares, providing guarantee for financing.

The 50 million shares of the pledge are 16.19% of the shares held by the company.

Since the date of pledge registration in April 12, 2019, the pledge period has been extended to the Shanghai branch of China Securities Depository and Clearing Co., Ltd. for the lifting of the pledge.

Nine Mu Wang investment currently holds 309 million shares of the company's tradable shares, accounting for 53.73% of the total shares.

The 50 million shares of the pledge company account for 16.19% of the total number of shares held by the company, accounting for 8.7% of the total shares of the company.

After this share pledge, nine Mu Wang invested 79 million shares of the pledged company, accounting for 25.59% of the total shares of its holding company, accounting for 13.75% of the total shares of the company.

The risk that this equity pledge may cause: according to the pledge agreement, this paction will set up a performance guarantee ratio. When the performance guarantee ratio is lower than the closing value, it may cause the pledge to liquidate the pledge shares.

If there is a risk of liquidation, the investment will be handled by supplementary pledge and early redemption of pledge shares.

The company's third quarter report in 2018 showed that the net profit attributable to shareholders of Listed Companies in the first three quarters of 2018 was 350 million yuan, an increase of 1.86% over the same period last year.

According to statistics, the main products include men's trousers, jackets, shirts, T-Shirts, suits and so on.