NBD AI Bulletin - Tongkun Group Co Ltd ("the Company", SH 601233, closing price: 20.3 yuan) announced in the evening of November 26, 2020 that the Company was notified by controlling shareholder Tongkun Holding Group Co Ltd and party acting in concert Jiaxing Shenglong Investment of the partial release of their pledged shares. Tongkun Holding Group Co Ltd on November 25 released 81 million pledged shares, accounting for 17.42% of its holdings, and Jiaxing Shenglong Investment on the same day released 19 million pledged shares, accounting for 8.44% of its holdings. The two companies accumulatively pledged 60 million shares of the Company, representing 7.53% of their combined total. 

The 2019 annual report shows that Tongkun Group Co Ltd mainly engages in chemical fibers, trade, petrochemical business, accounting for 85.64%, 7.07%, 5.62% of its revenue, respectively.

Tongkun Group Co Ltd's chairman is Chen Shiliang, male, 57 years old, college degree, senior economist. The president of Tongkun Group Co Ltd is Xu Jinxiang, male, 56 years old, college degree, senior economist.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company increased by 15.1183 million in the past 30 days, representing 0.46% of the Company's circulating shares.

2. There was no institutional research on the Company in the past 30 days.

(By Lan Suying)

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