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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Success Finance Group Holdings Limited    3623   KYG216891070

CHINA SUCCESS FINANCE GROUP HOLDINGS LIM

(3623)
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China Success Finance : VOLUNTARY ANNOUNCEMENT INCREASE IN SHAREHOLDING BY A CONTROLLING SHAREHOLDER

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07/28/2017 | 01:30pm EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Success Finance Group Holdings Limited (中國金融發展(控股)有限公司)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3623) VOLUNTARY ANNOUNCEMENT INCREASE IN SHAREHOLDING BY A CONTROLLING SHAREHOLDER

China Success Finance Group Holdings Limited (the "Company") was informed by its controlling shareholder, Mr. Zhang Tiewei ("Mr. Zhang"), an executive director and the chairman of the board of directors of the Company (the "Board"), that on 26 July 2017, 27 July 2017 and 28 July 2017, Mr. Zhang, through Expert Depot Limited, acquired 52,000 shares of the Company ("Shares"), 100,000 Shares and 168,000 Shares respectively, in the open market, for a total consideration of approximately HK$544,320 (the "Acquisitions").

Immediately after the Acquisitions, Mr. Zhang is deemed to be interested in an aggregate of 242,632,000 Shares, representing approximately 45.71% of the total issued share capital of the Company, which comprised (i) 1,638,000 Shares held as beneficial owner; (ii) 115,744,000 Shares held by Expert Depot Limited, a company controlled by Mr. Zhang; and (iii) 125,250,000 Shares held by parties acting in concert with Mr. Zhang.

Hong Kong, 28 July 2017

By order of the Board

China Success Finance Group Holdings Limited Zhang Tiewei

Chairman and Executive Director

As at the date of this announcement, the Board comprises (i) six executive directors, namely, Mr. Zhang Tiewei, Ms. Fu Jie, Mr. Li Bin, Mr. Xu Kaiying, Mr. Pang Haoquan and Mr. Chen Hui, (ii) one non-executive director, namely, Mr. He Darong, and (iii) four independent non-executive directors, namely, Mr. Tsang Hung Kei, Mr. Au Tien Chee Arthur, Mr. Xu Yan and Mr. Zhou Xiaojiang.

China Success Finance Group Holdings Ltd. published this content on 28 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2017 17:29:03 UTC.

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Financials
Sales 2019 104 M 14,8 M 14,8 M
Net income 2019 -430 M -61,2 M -61,2 M
Net cash 2019 301 M 42,8 M 42,8 M
P/E ratio 2019 -0,76x
Yield 2019 -
Capitalization 484 M 69,0 M 69,0 M
EV / Sales 2018 -0,41x
EV / Sales 2019 0,26x
Nbr of Employees 48
Free-Float 43,7%
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Managers
NameTitle
Bin Li Chief Executive Officer & Executive Director
Tie Wei Zhang Chairman
Jing Dai Chief Operating Officer & Executive Director
Tao Liang Chief Financial Officer
Darong He Non-Executive Director