Home » Hengtong Optoelectronics Controlling Shareholder Hengtong Group Pledges 4.15 Million Shares for Bank Credit Extension to Provide Credit Enhancement-OFweek Optical Communication Network

Hengtong Optoelectronics Controlling Shareholder Hengtong Group Pledges 4.15 Million Shares for Bank Credit Extension to Provide Credit Enhancement-OFweek Optical Communication Network

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Hengtong Optoelectronics Controlling Shareholder Hengtong Group Pledges 4.15 Million Shares for Bank Credit Extension to Provide Credit Enhancement-OFweek Optical Communication Network

Hengtong Optoelectronics’ controlling shareholder Hengtong Group pledged 4.15 million shares for bank credit extension to provide credit enhancement

It is reported that on June 16, Hengtong Optoelectronics (stock code: 600487), the controlling shareholder of Hengtong Group Co., Ltd., pledged 4.15 million shares to Bohai Bank Co., Ltd. Suzhou Branch to provide credit enhancement for bank credit.

It is understood that the registration procedures for the pledge of shares have been completed on June 17, 2022. The details of the relevant share pledge are as follows:

Note: The guaranteed main creditor’s rights involved in this share pledge will expire on June 15, 2023, and the pledge expiration date will be subject to the actual handling.

The pledged shares are not used as a guarantee or other guarantee for matters such as major asset restructuring performance compensation.

The pledged shares are 4.15 million shares, accounting for 0.73% of the company’s shares and 0.18% of the company’s total share capital. The pledge period is from June 16, 2022 until the registration procedures for releasing the pledge are completed.

The announcement shows that Hengtong Group holds a total of 568,001,565 shares of the company, accounting for 24.05% of the company’s total share capital. A total of 328,756,753 shares have been pledged, accounting for 57.88% of the shares held by them and 13.92% of the company’s total share capital.

The company’s 2021 annual report shows that the company’s net profit attributable to shareholders of listed companies in 2021 is 1,436,301,700.64 yuan, an increase of 35.28% over the same period last year.

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Hengtong Optoelectronics focuses on creating value for customers in the two fields of communication and energy, providing industry-leading products and solutions. With the layout of the marketing network, we are committed to becoming the world‘s leading service provider of system solutions in the field of communication and energy.

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