New World Development Co LtdImpact on stocks 3
New World Development Co Ltd
Shinsegae
Shanghai New World Co LtdMajor shareholder Zongyi Holdings pledges 99.97% of its holdings, indicating potential liquidity issues and overhang on the stock.
Theme Impact
Off-coverage companies 1
Zongyi Holdings pledges 3.5 million shares, raising cumulative pledge ratio to 99.97%, reflecting high leverage and financial risk.