The Zhitong Finance app learned that Pearl Light Holdings (01176) once rose more than 28% yesterday and closed up 14%, but today's stock price fell more than 5%. As of press release, it fell 5.19% to HK$0.219, with a turnover of HK$656.817 million.
According to the news, Zhuguang Holdings announced that the subsidiary Xida Limited entered into a deed with CCB International to revise and supplement the margin loan confirmation. This margin loan was first established in 2018, and CCB International provided margin loan financing of up to HK$750 million to Hida. According to the announcement, the loan term was extended until December 15, 2024.
Furthermore, Zhuguang Holdings has recently been continuously reduced by shareholders. According to public data, since October 31 this year, Rong De Investments Limited has reduced its holdings of the company by about 487 million shares. Based on the average price of HK$0.275 for the period, it has reduced its holdings by about HK$133 million. The shareholding ratio declined from 66.73% to 60.11%.