Gree Electric announced that its largest shareholder, Zhuhai Mingjun Investment Partnership, has placed 68.9097 million company shares as a supplementary pledge, accounting for 8.02% of its holdings and 1.23% of the company's total share capital. As of the disclosure date, the cumulative pledged shares by Zhuhai Mingjun and its concert parties have exceeded 80% of their total holdings in the company. The company reminds investors to be aware of the associated risks.
Gree Electric Appliances Inc of ZhuhaiMajor shareholder pledges additional shares, with cumulative pledged shares exceeding 80%, signaling financial strain and increasing risk.