EQS-News: New Higher Education Group (2001.HK) shareholding increase by the Chairman of the Board and the Substantial Shareholder Optimistic about the Company's Perspective Confident with future development
Immediate Release 27 December 2019 (Stock Code: 2001.HK) New Higher Education Group (2001.HK) shareholding increase by The shareholding increase by Mr. Li Xiaoxuan for two consecutive days from 19 December to 20 December involves a total of 1,053,000 shares at average prices of HK$2.7965 and HK$2.8228 respectively, with an aggregate amount of approximately HK$2.96 million. In fact, since this May, Mr. Li has increased his shareholding in the Company via the secondary market for several times for an aggregate of 4.053 million shares within just 7 months. The latest shareholding increase by Mr. Li involves 796,487,200 shares in long position of China New Higher Education Group, representing a ratio of 51.68%. This shareholding increase exactly represents Mr. Li Xiaoxuan's confidence in the Company's overall development perspective and growth potential. Recent frequent shareholding increase activities by the Group's management demonstrate their optimism about the Group's perspective and long-term value and their confidence in the Group's future development. According to the information of the Hong Kong Stock Exchange, on 26 November, Mr. Wong Man Chung, Francis, former independent non-executive director, increased shareholding of 63,000 shares, at an aggregate amount of approximately HK$0.1701 million. As a result, Mr. Wong Man Chung, Francis holds 384,000 shares in long position of China New Higher Education Group, representing a ratio of 0.02%. This shareholding increase by Wong Man Chung, Francis is in the name of his charitable foundation. Taking into account of previous shareholding, Francis M. C. Wong Charitable Foundation holds an aggregate of 270,000 shares of China New Higher Education. Mr. Li Xiaoxuan, the Chairman of the Board of Directors and the substantial Shareholder of China New Higher Education Group said that "The shareholding increase reflects my confidence in the Group's overall development perspective and growth potential. Looking forward, the Group will continue exploiting its advantage in collectivized school operation, in an effort to create greater development potential. The Group will also continue providing high-quality higher vocational education by staying true to the beginning mind, while maintaining rapid growth of results, in order to bring the shareholders and investors satisfactory returns." -End- About China New Higher Education Group Limited Document: http://n.eqs.com/c/fncls.ssp?u=BVVHSNLTUQ Document title: New Higher Education Group (2001.HK) shareholding increase by the Chairman of the Board and the Substantial Shareholder Optimistic about the Company's Perspective Confident with future development
27/12/2019 Dissemination of a Marketing Press Release, transmitted by EQS Group. |