Yeung Kang Lam shareholding reduced to 0.4%

Mandarin Resources Corporation (0070) said that the 500 mln shares hypothecated to Onshine by its major shareholder and Chairman Yeung Kang Lam has been sold over forced liquidation at HK$0.069-0.176 each, and his shareholding was also reduced from 55.93% to 0.4%.

Yeung has submitted an application to a higher count and asked to stop the transfer of forced liquidated shares.

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