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China Vanke shareholder pledges 100.4 million shares to securities company

China Vanke Co. Ltd. shareholder Jushenghua Co. Ltd. pledged 100.4 million China Vanke A shares to Guoyuan Securities Co. March 16.

The pledged shares represent 0.91% of the Chinese real estate developer's total issued share capital, according to a filing.

As of March 16, Jushenghua holds 926,070,472 China Vanke A shares, representing 8.39% of the company's capital. Out of the shares it owns, the shareholder has pledged 926,070,376 shares, which represent an 8.39% stake in the developer.