May 6, 2020 / 12:41 PM / a month ago

BRIEF-Jilin Zixin Pharmaceutical Industrial Says Shareholders' Stake To Be Cut, Controlling Shareholder's Stake Frozen

May 6 (Reuters) - Jilin Zixin Pharmaceutical Industrial Co Ltd:

* SAYS SHAREHOLDERS’ UP TO 6% STAKE IN THE COMPANY WILL BE REDUCED WITHIN SIX MONTHS DUE TO PLEDGING DEFAULT

* SAYS CONTROLLING SHAREHOLDER'S 25.3% STAKE IN THE COMPANY HAS BEEN FROZEN BY THE COURT Source text in Chinese: bit.ly/2YLu3Bo; bit.ly/2YIxFUT Further company coverage: (Reporting by Hong Kong newsroom)

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