STOCKS | Medlive Clears Share Pledge, Re-Pledges 96.137 Million Shares For RMB 300 Million Loan

Medlive (02453) said a pledge over about 96.13 million domestic shares held by shareholder Shanghai Medical Star, previously made in favour of Zhongcheng to secure loan financing of up to RMB 500 million, was fully released yesterday, according to ETNet. On the same day, Shanghai Medical Star re-pledged about 96.137 million domestic shares, or 49.96% of the shares it directly holds, in favour of Zhongcheng Trust as security for loan financing of up to RMB 300 million provided by Zhongcheng to the group. The pledged shares represent about 12.27% of Medlive's total issued shares, and Zhongcheng is an independent third party.