24 May 2019

Shareholder pledges 3.8% stake in Chongqing Steel, filing says

Chongqing Iron & Steel Co. Ltd. (01053.HK, 601005.CN) said in a stock exchange filing on Monday its shareholder Chongqing Iron & Steel (Group) Co. Ltd. pledged 141.34 million unrestricted tradable shares of the listed company to China Fortune Trust on Nov. 27. The shares represent a 3.79 percent stake in the listed firm. As of Dec. 2, Chongqing Iron & Steel (Group) holds 2.8 billion shares of Chongqing Iron & Steel Co. Ltd., equivalent to a 75 percent stake in the company, the filing said.

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