|
Controlling Shareholders Increase Shareholding in Cosmo Lady; A Full Endorsement in the Company's Development Potential
HONG KONG, Nov 27, 2015 - (ACN Newswire) - The largest branded intimate wear enterprise in China, Cosmo Lady (China) Holdings Company Limited ("Cosmo Lady" or the "Company", together with its subsidiaries, the "Group", stock code: 2298), is pleased to announce that Mr. Zhang Shengfeng ("Mr. Zhang"), a shareholder and executive director of the Company, through his wholly-owned subsidiary Forever Flourish International Holdings Limited ("Forever Flourish"), purchased 150,000 shares on the market at an average price of approximately HK$7.007 per share on 25 November 2015.
In addition, Mr. Cheng Zuming ("Mr. Cheng"), a shareholder and executive director of the Company, through his wholly-owned subsidiary Mountain Dragon Investment Limited ("Mountain Dragon"), purchased 600,000 shares in total on the market at an average price of approximately HK$7.767 per share and approximately HK$7.382 per share on 8 and 9 October 2015, respectively.
Following the aforementioned purchases, Mr. Zheng Yaonan, Mr. Zhang, Mr. Lin Zonghong, Mr. Cheng, Great Brilliant Investment Holdings Limited, Forever Flourish, Forever Shine Holdings Limited, Mountain Dragon and Harmonious Composition Investment Holdings Limited, acting in concert, together currently hold 1,174,945,505 ordinary shares of the Company, representing approximately 61.63% of the issued shares of the Company, an increase of 0.04% from their previous shareholding of approximately 61.59% immediately prior to the aforementioned purchases.
Mr. Zheng Yaonan, chairman, executive director and chief executive officer of Cosmo Lady, said, "the shareholding increase by our shareholders Mr. Zhang Shengfeng and Mr. Cheng Zuming represents their recognition and full confidence to the Group's business development. As the industry-leading intimate wear enterprise in China, the development potential of Como Lady is huge. We will endeavor to deepen our market penetration in the PRC intimate wear market, and continue to strengthen our position to achieve sustainable growth and maximize returns for our shareholders."
About Cosmo Lady and its subsidiaries
The Group is the largest branded intimate wear enterprise in China in terms of total retail sales in 2014, according to Frost & Sullivan. As of 30 June 2015, its retail network covered 8,253 outlets in more than 330 prefecture-level cities in all provinces as well as municipalities and autonomous regions in China. The Group is principally engaged in the design, research, development and sale of its own branded intimate wear products, namely bras, underpants, sleepwear and loungewear, thermal clothes, and others (including leggings and tights, vests, hosiery and accessories) in the PRC. The Group efficiently elevated its brand portfolio and has increased the number of its major brands to ten currently.
Issued by Porda Havas International Finance Communications Group for and on behalf of Cosmo Lady (China) Holdings Company Limited. For further information, please contact:
Porda Havas International Finance Communications Group
Keely Chan +852 3150 6760 keely.chan@pordahavas.com
Tiff Ko +852 3150 6736 tiff.ko@pordahavas.com
Mandy Zhang +852 3150 6765 mandy.zhang@pordahavas.com
Claire Li +852 3150 6711 claire.li@pordahavas.com
Vivin Xu +852 3150 6737 vivin.xu@pordahavas.com
Elaine Wang +852 3150 6773 elaine.wang@pordahavas.com
Fax: +852 3150 6728
Source: Cosmo-lady
Sectors: Daily Finance
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network. |