APT Electronics Co., Ltd. Class H (HK:2551) has released an update.
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APT Electronics Co., Ltd. has announced that its controlling shareholder group, including Guangzhou Jingling and Guangzhou Jingshi Investment Partnerships, has pledged a portion of their shares totaling approximately 2.18% of the company’s issued share capital to China Merchants Bank. This move is part of a strategy to secure a commercial loan aimed at funding incentive shares for employee participants involved in share incentive schemes. The bank involved is an independent third party, ensuring no conflicts of interest.
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