On May 18, Meijin Energy Group Co., Ltd., the largest shareholder of Meijin energy (Stock Code: 000723), pledged 20 million shares to Shandong Branch of China Xinda Asset Management Co., Ltd. for equity pledge replacement.
20 million shares were pledged, accounting for 0.89% of the company’s shares and 0.47% of the company’s total share capital. The pledge starts on May 18, 2021.
According to the announcement, Meijin group held 2253405786 shares, accounting for 52.72% of the total share capital of the company. A total of 2182831742 shares were pledged, accounting for 96.87% of the shares held by the company and 51.07% of the total share capital of the company.
According to the company’s report for the first quarter of 2021, the company’s net profit attributable to shareholders of Listed Companies in the first quarter of 2021 was 636517975.31 yuan, turning losses into profits over the same period of last year.
According to digbei.com, Meijin energy is mainly engaged in the production and sales of new energy vehicles such as coal, coking, natural gas and hydrogen fuel cell vehicles.