omniture

Mr. KANG Baohua, Chairman of Yuanda China Increased Stake Casting a Vote of Confidence in Company's Future Development

Yuanda China Holdings Limited
2012-04-12 10:07 3455

HONG KONG, April 12, 2012 /PRNewswire-Asia/ -- Yuanda China Holdings Limited ("Yuanda China" or the "Company" and, together with its subsidiaries, the "Group", stock code: 2789), a leading global provider of one-stop solutions for curtain wall systems, today announced that its founder and Chairman, Mr. KANG Baohua has increased his position in Yuanda, demonstrating his confidence of the Group's development potential.

Mr. KANG Baohua has purchased on the market a total of 9,690,000 shares of the Company from 28 March 2012 to 5 April 2012 at an average price of HK$1.044 per share, with a total consideration of HK$10.1 million. The total shareholding of Mr. KANG in the Company increased to approximately 53.87% currently.

Commenting on the increase in equity stake, Mr. KANG Baohua said, "As the Chairmen of the Company, I cast my vote of confidence in the value and prospect of our Company by raising my stake in it. Looking ahead, with the development of urbanization and the rise of Midwestern and Western China Regions, in China, there will be ample room for development in second-tier and third-tier cities. With respect to overseas, our future development will concentrate in Europe, North America, South America and South Asia. We will gradually increase the revenue from the overseas market by further expanding market shares in these regions. With the Group's leading position in the PRC's and the global markets, its proven track record, advanced research, development and design capabilities, extensive sales and marketing network worldwide, strong production and processing capacity, full range of high-quality services and its experienced management team, we have full confidence in the long-term prospect of the Company."

Source: Yuanda China Holdings Limited
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