Demonstrates Full Confidence in the Group's Prospects
HONG KONG, Apr 22, 2015 - (ACN Newswire) - China Huishan Dairy Holdings Company Limited ("Huishan Dairy" or "the Group") (stock code: 6863) has announced that the Group's ultimate controlling shareholder, chairman and executive director, Mr. Yang Kai ("Mr. Yang") had purchased 1,285,137,928 ordinary shares of the Group ("Shares") for an aggregate amount of about HK$2.236 billion, further increasing his shareholding to approximately 60.62% of the Group's entire issued share capital.
Mr. Yang has purchased, through Champ Harvest Limited ("Champ Harvest"), 1,285,137,928 Shares for an aggregate amount of about HK$2.236 billion from Well Ease Limited and, Crown Castle Investment Holdings Limited. Well Ease Limited is ultimately wholly-owned by Dato' Dr. Cheng Yu Tung. The price represents HK$1.74 per Share, and the closing price on 22 April 2015 is HK$1.59 per Share, a premium of 9.43%. It is a term of the purchase of such Shares that if the closing price per Share as quoted on the Stock Exchange on any trading day on or before 22 April 2016 is more than HK$1.74, Champ Harvest shall pay an additional amount per Share of not more than HK$0.10 per Share.
Following the purchase, Mr. Yang holds 8,680,846,316 Shares in the Group, representing approximately 60.62% of the entire issued share capital, directly and indirectly through Champ Harvest. Champ Harvest is a company owned as to 90% by Mr. Yang and 10% by Ms. Ge Kun, another executive director of the Group.
Chairman and Chief Executive Officer of Huishan Dairy, Mr. Yang Kai, said, "The purchase of additional Shares has demonstrated our strong confidence in the Huishan Dairy's development strategies and prospects. Looking ahead, leveraging the vertically-integrated dairy value chain business model and adhering to our operation philosophy of "good cows, good grass and good milk", we will maintain our leading position in the dairy industry in China, provide consumers with safe and high quality dairy products and thus deliver more than spectacular returns to our shareholders."
About China Huishan Dairy Holdings Ltd.
China Huishan Dairy Holdings Company Limited is a leading and the most vertically-integrated dairy company in China. The Company's business model covers the entire dairy industry value chain from growing and processing of alfalfa and supplementary feeds, processing of concentrated feed, dairy farming and manufacturing and sales of dairy products under the "Huishan" brand. Currently, Huishan Dairy is the only company in China capable of providing 100% of the raw milk required for the production of liquid milk and milk powder products based on raw milk produced by the self-operated farms. The Company's impeccable product safety record and high quality products stand behind a brand worthy of the trust of consumers in China. Huishan Dairy is a company publicly listed on the Main Board of the Stock Exchange of Hong Kong Limited since 2013. For details, please visit http://www.huishandairy.com
Source: China Huishan Dairy Holdings Ltd.
Contact:
China Huishan Dairy Holdings Company Limited Eddie So Tel: (852) 2527 7974 Email: eddieso@huishangroup.com Media Enquiries: Strategic Financial Relations Limited Brenda Chan Tel: (852) 2864 4833 Email: brenda.chan@sprg.com.hk Lisa Dai Tel: (852) 2864 4870 Email: lisa.dai@sprg.com.hk Hawaii He Tel: (852) 2864 4847 Email: hawaii.he@sprg.com.hk Amelie Ng Tel: (852) 2114 4903 Email: amelie.ng@sprg.com.hk Fax: (852) 2527 1196 Website: www.sprg.com.hk
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