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Aoyuan Chairman Continuously Increases Shareholding at an Aggregate Consideration of HK$180 million YTD Demonstrating Confidence in the Company’s Future Prospects
 Date:2018-10-24

(24 October 2018 - Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883), a renowned property developer in China, is pleased to announce that Mr. Guo Zi Wen, Chairman of Aoyuan, has increased his shareholding in the Company again by acquiring 2,900,000 shares of Aoyuan at an average price of HK$4.51 per share on 24 October 2018. For 2018 year-to-date, Chairman Guo has increased his shareholding in the Company by acquiring a total of 37,900,000 shares at an average price of approximately HK$4.81 and aggregate consideration of approximately HK$180 million. Immediately following the share purchase, the shareholding in the Company of Chairman Guo Zi Wen and Mr. Guo Zi Ning, CEO of Aoyuan, has become 55.32%.

 

Aoyuan management commented, “Aoyuan has maintained robust growth so far this year, recording a 137% y-o-y increase in contracted sales to approximately RMB61.0 billion for the first nine months of 2018, accomplishing 84% of its full-year target of RMB73.0 billion. In January, March, April and October 2018, Chairman Guo has increased his shareholding in Aoyuan at an aggregate consideration of approximately HK$180 million. In addition, the Company bought back shares at a consideration of approximately HK$20 million in June 2018. Both the shareholding increase and share buyback demonstrate Aoyuan Chairman and management’s confidence in the Company’s future prospects. Aoyuan will keep up its good work and strive to generate the most fruitful returns for shareholders and investors.”

 

For more details, please refer to HKEX’s website:

24 October 2018: Director/Chief Executive Notice - Interests in Shares of Listed Corporation