JL MAG Shareholders Pledge Shares Without Risk

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

JL MAG Rare-Earth Co., Ltd. has informed that its controlling shareholders, Jiangxi Ruide Venture Investment Co., Ltd. and Ganzhou Geshuo Investment Management Center, have pledged a total of 450,000 shares. This move is part of a supplemental pledge with securities firms and is not expected to alter the company’s control or significantly impact its operations and governance. The shares in question represent a small fraction of the company’s total share capital and the shareholders’ overall holdings, ensuring no immediate risk of stock liquidation.

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