Luen Fat Shares (002394): Joint Stock Group Lifting Pledge And Re Mortgage 35 Million Shares

002394.SZ announced that in October 18, 2019, the company received a letter from the Jiangsu Unicom Group Limited by Share Ltd ("Luen FA group") that it was informed that some of the shares held by the group were handled by lifting the pledge and re mortgage, lifting the pledge and re mortgage 35 million shares.

Luen Fat Group holds 131 million shares of the company, all of which are tradable shares with unlimited sale conditions, accounting for 38.89% of the total shares of the company. As of the announcement date, the group has accumulated 35 million shares of the pledged company, accounting for 26.73% of the shares held by its company, accounting for 10.40% of the total share capital of the company.