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Mr. Zheng Yaonan, the Founder and Chairman Continues to Increase Shareholding in Cosmo Lady; A Full Endorsement in the Company's Development Potential
HONG KONG, Dec 29, 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. Zheng Yaonan ("Mr. Zheng"), founder, chairman, executive director and chief executive officer of the Company, through his wholly-owned subsidary Great Brilliant Investment Holdings Limited ("Great Brilliant"), purchased 150,000 shares on the market at an average price of approximately HK$ 6.647 per share on 22 December 2015, 76,000 shares on the market at an average price of approximately HK$ 6.7539 per share on 23 December 2015 and 77,000 shares on the market at an average price of approximately HK$ 6.9079 per share on 24 December 2015.
Earlier, as further described in the news release of the Company dated 22 December 2015, 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$7.007 per share on 25 November 2015 and 400,000 shares on the market at an average price of HK$ 6.855 per share on 18 December 2015.
Following the purchases by Mr. Zheng on 22, 23 and 24 December 2015 (the "Purchases"), Mr. Zheng, Mr. Zhang, Mr. Lin Zonghong, Mr. Cheng Zuming, Great Brilliant, Forever Flourish, Forever Shine Holdings Limited, Mountain Dragon Investment Limited and Harmonious Composition Investment Holdings Limited, acting in concert, together currently hold 1,175,648,505 ordinary shares of the Company, representing approximately 61.67% of the issued shares of the Company, an increase of 0.02% from their previous shareholding of approximately 61.65% immediately prior to the Purchases.
Mr. Zheng Yaonan said, "With the relentless efforts made by the staff and the management, the Company has gained value rapidly and stably. The continuous shareholding increase by our shareholder Mr. Zhang Shengfeng and I represent the recognition and full confidence to the Group's business development of the management. 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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