CONTEL-NEW (01912) Shares Pledged by Controlling Shareholder

Stock News
Feb 13

CONTEL-NEW (01912) announced that the company's board of directors has been notified by Mr. Lin Qiang, the Board Chairman, Chief Executive Officer, and Executive Director. Mr. Lin has pledged all the ordinary shares in the issued share capital of P.Grand (BVI) Ltd., the company's controlling shareholder, to a pledgee on February 12, 2026. This pledge serves as collateral for a loan facility obtained by Mr. Lin. P.Grand is a limited company incorporated in the British Virgin Islands and is wholly owned by Mr. Lin. P.Grant beneficially owns a total of 663 million issued ordinary shares of the company, representing approximately 50.29% of the total issued share capital of the company as of the date of this announcement.

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