Yanzhou Coal Mining (01171) said its controlling shareholder Yankuang Group Corporation has pledged 520 million domestic shares without trading moratorium (A shares) (amounting to 10.57% of the total share capital) held by it in favour of The Export-Import Bank of China as full-amount guarantee by way of share pledge for a US$500 million loan provided by The Export-Import Bank of China to Yanzhou Coal.
The pledge is for a term of 24 months and is registered with the Shanghai branch of China Securities Depository and Clearing Corporation Limited.
At present, Yankuang Group holds 2,600 million A shares, amounting to 52.86% of the total share capital of Yanzhou Coal.
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