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Bonny International Announces Discharge of Share Pledge by Controlling Shareholder

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Bonny International Announces Discharge of Share Pledge by Controlling Shareholder

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Bonny International Holding Ltd. ( (HK:1906) ) has issued an announcement.

Bonny International Holding Limited, a company listed on the Hong Kong Stock Exchange, announced the discharge of a pledge of shares by its controlling shareholder, Maximax Holding Corporation. This pledge involved 550,099,285 ordinary shares, which accounted for approximately 37.39% of the company’s issued shares, and was used as a guarantee for a loan provided to a company controlled by the chairman, Mr. Jin Guojun. The fulfillment of obligations by Maximax led to the discharge of the pledge, restoring full control of the shares to Maximax.

The most recent analyst rating on (HK:1906) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Bonny International Holding Ltd. stock, see the HK:1906 Stock Forecast page.

More about Bonny International Holding Ltd.

Average Trading Volume: 3,619,804

Technical Sentiment Signal: Buy

Current Market Cap: HK$853.3M

For a thorough assessment of 1906 stock, go to TipRanks’ Stock Analysis page.

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