KAISA GROUP HOLDINGS LTD. 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.
佳 兆 業 集 團 控 股 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1638)Reference is made to the announcements of Kaisa Group Holdings Ltd. (the 'Company', together with its subsidiaries, the 'Group') dated 16 December 2014, 16 January 2015, 16
February 2015, 16 March 2015, 16 April 2015, 15 May 2015, 16 June 2015, 16 July 2015, 18
August 2015, 16 September 2015 and 16 October 2015 (the 'Announcements') in respect of the public float of the Company which has fallen below 25% as required by Rule 8.08 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Stock Exchange'). Unless otherwise stated, terms used in this announcement shall have the same meaning as defined in the Announcements.
The Company would like to provide an update on the public float of the Company.
For identification purposes only
CURRENT PUBLIC FLOAT OF THE COMPANYAs at the date of this announcement, the public float of the Company is approximately 20.81% and the shareholding structure of the Company is as follows:
Shareholders
Number of shares of the Company held Approximate percentage of the issued share capital of the CompanyNon-public shareholders
1.
Funde Sino Life Insurance Co., Ltd.
('Sino Life') (Note 1)
649,700,957
12.65%
2.
Fund Resources Investment Holding Group
Company Limited ('Fund Resources
Investment', together with Sino Life,
the 'Sino Life Group') (Note 1)
887,995,149
17.29%
3.
Da Zheng Investment Company Limited
('Da Zheng') (Note 2)
843,065,377
16.41%
4.
Da Feng Investment Company Limited
('Da Feng') (Note 2)
843,065,378
16.42%
5.
Da Chang Investment Company Limited
('Da Chang') (Note 2)
843,065,378
16.42%
Sub-total
4,066,892,239
79.19%
Public shareholders
1,068,535,671
20.81%
Total
5,135,427,910
100%
Notes:
Fund Resources Investment is a wholly-owned subsidiary of Sino Life.
Each of Da Zheng, Da Feng and Da Chang is wholly owned by Mr. Kwok Ying Chi, Mr. Kwok Ying Shing and Mr. Kwok Hiu Kwan, respectively. Mr. Kwok Ying Shing is an executive director of the Company and the Chairman of its board.
The Company is in the course of reviewing and assessing various options and formulating a plan to implement an appropriate restructuring of the Group's debt obligations. The Company will continue to publish a monthly announcement to update its shareholders and the public investors on the status of the public float of the Company and measures that may be introduced to restore the public float of the Company.
By Order of the Board
KAISA GROUP HOLDINGS LTD. Kwok Ying ShingChairman and Executive Director
16 November 2015
As at the date of this announcement, the executive Directors are Mr. Kwok Ying Shing, Mr. Sun Yuenan, Mr. Zheng Yi, Mr. Yu Jianqing, and Mr. Lei Fugui; the non-executive Director is Ms. Chen Shaohuan; and the independent non-executive Directors are Mr. Zhang Yizhao and Mr. Rao Yong.
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