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Kaisa’s Chairman Increased Stake in the Company Fully Confident in Company’s Future Development
Release Time:2018-07-06 | Source:Kaisa Group

(3 July 2018 - Hong Kong) – Kaisa Group Holdings Limited (“Kaisa” or the “Company”, SEHK stock code: 1638, together with its subsidiaries, the “Group”), a property developer established in Shenzhen with a countrywide foothold in China, is pleased to announce its Chairman and Executive Director, Mr. Kwok Ying Shing, purchased 6,216,000 shares of the Company through his wholly owned Da Chang Investment Company Limited on the open market at an average price of HK$3.21 per share on 3 July 2018. As a result, Mr. Kwok’s stake in the Company has increased from approximately 25.00% to approximately 25.10%.

 

Mr Kwok’s move to increase his holdings in the Company reflected his confidence in the Group’s future development and prospects. Mr. Kwok said, “Going forward, Kaisa will continue to exploit its early mover advantage in Guangdong-Hong Kong-Macau Greater Bay Area (“Bay Area”) and will actively grasp the golden opportunities arising from the development of Bay Area to further consolidate Kaisa’s leading position in the region, replicate its successful business model nationwide and create long-term and stable return for the shareholders.”