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Shares Held By Shanghai Huafu, The Controlling Shareholder Of Meibang

2010/2/11 14:40:00 51

On February 8, 2010, Meibang apparel received a notice from Shanghai Huafu Investment Co., Ltd., the controlling shareholder, that Huafu investment had pledged 9049774 shares of the company held by it to Xi'an International Trust Co., Ltd. to provide guarantee for the issuance trust of Huafu investment.  

The 9049774 shares of the company held by Huafu investment have gone through the registration procedures of share pledge on February 5, 2010. The period of share pledge starts from February 5, 2010 and ends with the cancellation of pledge registration with Shenzhen Branch of China securities registration and Clearing Co., Ltd. during the pledge period, the shares are frozen and cannot be transferred.


Huafu investment holds 810 million shares of the company, accounting for 80.60% of the total share capital of the company, and the 9049774 shares pledged above account for 0.9% of the total share capital of the company.


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