JL MAG Rare-Earth Shareholders Pledge Shares

JL MAG Rare-Earth Co., Ltd. Class H (HK:6680) has released an update.

JL MAG Rare-Earth Co., Ltd. has announced that its controlling shareholders have pledged a portion of their shares, with Ruide Venture pledging 6.46% and Ganzhou Geshuo pledging 24.44% of their holdings. This move, involving a total of 2,710,300 shares, is not expected to alter the company’s control structure or affect its operations. The pledged shares are intended for equity investment and daily operations.

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