Demonstrates Management's Confidence in Its Future Business
HONG KONG, Oct. 3, 2011 /PRNewswire-Asia/ -- China All Access (Holdings) Limited ("China All Access" or the "Company", HKEx Stock Code: 633), an integrated information communication application solution provider and application service provider in the PRC, announced that Mr. CHAN Yuen Ming, the Company's major shareholder and Chairman has purchased a total of 6,508,000 shares of the Company on the market, from 29 August 2011 to 5 September 2011 at an average price of HK$1.893 per share, with a total consideration of HK$12.3 million. The total shareholding of Mr. CHAN in the Company increased to approximately 33.44% currently. Moreover, China All Access (Holdings) Limited has repurchased on the market a total of 5,668,000 shares of the Company from 20 September 2011 to 27 September 2011 at an average price of HK$1.553 per share.
Mr. SHAO Kwok Keung, Chief Executive Officer and Executive Director of China All Access said, "The increase in stakes by Mr. CHAN Yuen Ming, Chairman of the Company and the repurchase of share by the Company is a vote of confidence in the value and prospect of our Company. As a provider of public safety, government emergency communication and city integrated management systems, China All Access has two competitive strengths, namely the world's most advanced satellite communication and wireless data communication technology series, as well as an experienced team in national system maintenance service outsourcing. Looking ahead, the market capacity of the security industry is expected to expand during the China's Twelfth Five-year Plan, and bring enormous business opportunities to the Company."
About China All Access
China All Access is engaged in providing application solutions and application services for public safety, city emergency communication and city integrated management purposes for governmental departments or agencies, public utilities institutions and business enterprises. The core module of the Company's integration application platform is called "ALL ACCESS platform". It acts as a centralized data processing unit, where data received through connections from different application solutions are processed and transmitted in different mode depending on the users' different needs. The Company's application solutions are mainly divided into three categories: satellite communication application solutions, wireless data communication application solutions and call centre application solutions. In addition, the Company also sells and distributes terminal equipment. Besides, China All Access was successfully listed on the Main Board of Stock Exchange of Hong Kong Limited on 16 September 2009 with stock code 633.
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