Changshan North Ming (000158): The Second Largest Shareholder, North Ming Holdings, Lifted The Margin Trading Business.
Changshan North Ming (000158.SZ) announced that in April 2, 2020, the company received the letter from the second largest shareholder of Beijing, the North Ming Albert Holdings Limited ("North Ming Holdings"), about the lifting of the margin trading business.
North Ming holdings and Ping An Securities started margin trading. In July 9, 2019, the 20 million tradable shares of the company were transferred to the margin trading credit account of North Ming Holdings Limited in Ping An Securities. The ownership of the shares was not transferred.
In April 1, 2020, North Ming Holdings has transferred the 20 million tradable shares of its holding company to the ordinary securities account from the margin trading credit account of Ping An Securities, and lifted the margin trading business. As of the announcement date, the North Ming holding company held 208 million shares of the company, accounting for 13.01% of the total share capital of the company.
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