Learn from whom to respond to the muddy water and short: Chen Xiangdong has no stock pledge

category:Finance
 Learn from whom to respond to the muddy water and short: Chen Xiangdong has no stock pledge


Shen Nan stressed that this has nothing to do with robots. Its completely caused by the shift switching between big and small teams in the live broadcast room. Its a normal operation. In response to the query on equity pledge, Shen Nan said that the shares held by Larry (CEO Chen Xiangdong) did not have any mortgage or pledge before March 31, 2020 in all the announced reporting periods. On April 6, 2020, Larry pledged 5.1 million ADRs to obtain a loan line of $50 million, and the number of pledged shares accounted for 2.13% of the total ADR of the company. At the investors phone call on April 8, Larry has disclosed the pledge information to investors. The purpose of the loan is to choose the opportunity to increase the companys shares. Reporter: Chen Weicheng, editor: Sun Yong, proofreader: Jia Ning, source: Beijing News, editor in charge: Yang binu, nf4368

In response to the query on equity pledge, Shen Nan said that the shares held by Larry (CEO Chen Xiangdong) did not have any mortgage or pledge before March 31, 2020 in all the announced reporting periods. On April 6, 2020, Larry pledged 5.1 million ADRs to obtain a loan line of $50 million, and the number of pledged shares accounted for 2.13% of the total ADR of the company. At the investors phone call on April 8, Larry has disclosed the pledge information to investors. The purpose of the loan is to choose the opportunity to increase the companys shares.

Reporter Chen Weicheng editor sun Yong proofreader Jia Ning