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01733 E-COMMODITIES
RTNominal up1.440 +0.040 (+2.857%)
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24/06/2014 08:43

Winsway's controlling holder in talks to pledge 29.9% stake

[ET Net News Agency, 24 June 2014] Winsway Coking Coal (01733) said it has been
notified by controlling shareholder and chairman Wang Xingchun that he is currently
engaged in negotiations with an independent third party which is a state-owned enterprise
of the People's Republic of China in relation to a possible pledge and/or sale of shares
in Winsway indirectly owned by him through his wholly owned companies in favour of such
enterprise.
It is currently expected that any such pledge or sale would involve 29.9% of the issued
shares of Winsway. Wang currently holds about 49.1% interest in Winsway.
Winsway has applied for the resumption of trading in shares this morning. (HL)

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