June 13 (NBD) -- Kangde Xin Composite Material Group Co Ltd (002450.SZ) said in announcement Monday that its controlling shareholder Kangde Investment Group Co Ltd is running well, expected to see significant improvement in both financial condition and business performance in 2018. 

Since the beginning of this year, the controlling shareholder has narrowed its share pledge ratio from 99.5 percent to 93.65 percent by making use of its own capital and will make more efforts to reduce the ratio further. Besides, the company will come up new ways to ensure capital liquidity, such as transferring shares in projects.

Email: zhanglingxiao@nbd.com.cn