Summary by Moomoo AI
Chongqing Hongjiu Fruit Co., Ltd. ('Hongjiu Fruit') announced on July 29, 2024 that Mr. Deng Hongjiu, the controlling shareholder and chairman of the company, pledged approximately 2.38% of the company's direct holdings, a total of 9,000,000 shares of domestic shares, as collateral for the US$13,000,000 bank credit granted by East West Bancorp (China) Limited. After this pledge, Mr. Deng's accumulated pledged shares account for approximately 13.96% of the total number of issued shares of the company. East West Bancorp is an independent third party for the company and its affiliates. In addition, the H shares of Hongjiu Fruit have been suspended from trading since March 20, 2024, and will continue to be suspended until they meet the resumption guidelines and receive approval from the Stock Exchange of Hong Kong to resume trading.