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China Vanke shareholder pledges 91 million shares

China Vanke Co. Ltd. shareholder Jushenghua Co. Ltd. on March 7 pledged 91 million China Vanke A shares to Ping An Securities Co. Ltd.

The pledged shares represent 0.82% of the Chinese property developer's total issued share capital.

Jushenghua on March 2 lifted a pledge for 91 million China Vanke A shares it had earlier pledged to CITIC Securities Co. Ltd.

As of March 7, Jushenghua holds 926,070,472 China Vanke A shares, representing 8.39% stake in the developer. The shareholder has pledged 926,070,376 of the shares it owns, accounting for 8.39% of Vanke's total issued share capital.