NBD AI Bulletin- Wanhua Chemical Group Co., Ltd (SH 600309, closing price: 90.48 yuan) on late November 12 announced that the company received a notice from its shareholder, Prime Partner International Limited, saying that the latter has pledged the shares it hold in Wanhua Chemical Group. On November 10, 2020, Prime Partner International Limited pledged 50 million shares, accounting for 14.88% of the holdings it has in Wanhua Chemical Group. 

Prime Partner International Limited holds about 336 million shares in Wanhua Chemical Group, taking up 10.70% stake in the latter. After the completion of the share pledge, Prime Partner International Limited cumulatively pledged 112 million shares of Wanhua Chemical Group, accounting for about 33.27% of its holdings in the latter.

The semiannual report 2020 shows that the main business of Wanhua Chemical Group CO.,LTD is chemical raw materials and chemical manufacturing, other industries, accounting for 96.1%, 1.46% of the revenue, respectively.

(By Gao Han)

Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before use. Any action you take upon the information on this website is at your own risk.