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China Vanke shareholder pledges shares to Ping An Securities

China Vanke Co. Ltd.'s major shareholder Jushenghua Co. Ltd. pledged 91,003,162 China Vanke A shares to Ping An Securities Co. Ltd.

The pledged shares represent 0.82% of China Vanke's total issued share capital.

The pledge period commenced Dec. 1, according to a filing.

Earlier in October, Jushenghua pledged a total of 160,710,000 China Vanke A shares to Ping An through two pledges.

The shareholder on Nov. 29 also lifted a pledge of 91 million China Vanke A shares that it had earlier pledged to Penghua Asset Management (Shenzhen) Co. Ltd.

As of Dec. 4, Jushenghua holds 926,070,472 China Vanke A shares, or an 8.39% stake in the Chinese developer. The shareholder has pledged 926,070,462 shares so far.