JY GAS received pledged shares from its controlling shareholder
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JY GAS received pledged shares from its controlling shareholder
According to the Zhitong Finance APP, JY GAS (01407) announced that it has been informed that the company's controlling shareholder LXL Phoenix Limited (LXL Phoenix) and SEGM Holding Limited (SEGM Holding) have respectively pledged 185 million ordinary shares and 33 million ordinary shares (collectively referred to as pledged shares) as collateral for a loan provided by a financial institution in Hong Kong (lender, an independent third party to the company) to LXL Phoenix. As of the date of this announcement, both LXL Phoenix and SEGM Holding are wholly owned by the company's controlling shareholder, chairman, executive director, and CEO Luan Xiaolong
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