Nanshan aluminum: the concerted action of the controlling shareholders and the pledge of 480 million shares
Financial Associated Press, September 24, Nanshan aluminum announced that on September 24, 2021, the company received a notice from Shandong Yili Electric Power Co., Ltd. ("Yili electric power"), the concerted actor of the controlling shareholder Nanshan Group Co., Ltd. ("Nanshan Group"), and Yili electric power released the pledge of its shares pledged to Yantai Branch of China Minsheng Bank Co., Ltd. Yili Electric Co., Ltd. released the pledge of 480 million non tradable shares pledged to Yantai Branch of China Minsheng Bank Co., Ltd. the shares released accounted for about 4.02% of the company's current total shares of 11950481520 shares, and the registration date of pledge release was September 23, 2021.
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