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Controlling Shareholder Continues to Increase Shareholding in Cosmo Lady; A Full Endorsement in the Company's Development Potential
HONG KONG, Dec 22, 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 400,000 shares on the market at an average price of HK$ 6.855 per share on 18 December 2015.
Earlier, Mr. Zhang purchased 150,000 shares on the market at an average price of approximately HK$7.007 per share through Forever Flourish on 25 November 2015.
Following the purchase on 18 December 2015, Mr. Zheng Yaonan, Mr. Zhang, Mr. Lin Zonghong, Mr. Cheng Zuming, Great Brilliant Investment Holdings Limited, Forever Flourish, Forever Shine Holdings Limited, Mountain Dragon Investment Limited and Harmonious Composition Investment Holdings Limited, acting in concert, together currently hold 1,175,345,505 ordinary shares of the Company, representing approximately 61.65% of the issued shares of the Company, an increase of 0.02% from their previous shareholding of approximately 61.63 % immediately prior to the aforementioned purchase.
Mr. Zheng Yaonan, chairman, executive director and chief executive officer of Cosmo Lady, said, "the continuous shareholding increase by our shareholder Mr. Zhang Shengfeng represents the recognition and full confidence to the Group's business development. As the industry-leading intimate wear enterprise in China, the development potential of Cosmo 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."
Sectors: Daily Finance
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