Summary by Futu AI
NANJING PANDA ELECTRONICS CO., LTD. ISSUED A STOCK PLEDGE NOTICE ON APRIL 19, 2024, INDICATING THAT THE COMPANY'S HOLDING SHAREHOLDER PANDA GROUP HAS HELD 105,091,430 SHARES OF THE 210,661,444 A SHARES, REPRESENTING 11.50% OF THE COMPANY'S TOTAL SHARE CAPITAL. The start date of the sub-placement is 18 April 2024 and the maturity date is 26 October 2026. The rightholder is China Electronic Finance Limited. The purpose of the security deposit is to provide equity collateral for the relevant pledged loans. Panda Group said that this equity stake will not have a significant impact on the company's core operations, financing credentials and financing costs, and will not significantly affect the company's stability of control, equity structure, and day-to-day management.