NBD AI Bulletin - Will Semiconductor Co Ltd Shanghai (the Company, SH 603501, close price: 297.31 yuan) announced on December 7 that the Company's controlling shareholder Yu Renrong has released the pledge of 1 million shares.
Yu Renrong owns about 266 million shares in the Company, accounting for 30.66% of the Company's total equity. After the release of pledged shares, Yu Renrong still has had around 102 million shares under pledge, accounting for 38.29% of his holdings in the Company. Yu Renrong and the parties acting in concert, which own about 348 million shares in total (about 40.04% of the Company's total equity), had cumulatively pledged about 142 million shares in the Company, representing 40.81% of their combined holdings in the Company or 16.34% of the Company's current total equity.
The 2020 annual report shows that Will Semiconductor Co Ltd Shanghai's main business is semiconductor design and sales, electronic components agency and sales, accounting for 87.1%, 12.54% of revenue, respectively.
(By Lan Suying)
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