| Mr. Zhang Zhi Rong Glorious Property holdings of shares |
| Time：2010.01.27 Source： View Count： |
(January 29, 2010, Hong Kong) China's major economies to focus on urban development and sale of quality properties in China's leading real estate developer Glorious Property Holdings Limited ("Glorious Property" or the "Company", together with its subsidiaries, collectively the "Group"; HKSE: 00845) is pleased to announce that the company's major shareholder, chairman and controlling shareholder of Mr. Zhang Zhi Rong, on January 25, 2010 XXVII purchased from the market on a total of 11,000,000 shares of Glorious Property shares, the average purchase price of HK $ 3.0559.
After completion of the transaction, Mr. Zhang Zhi Rong at Glorious Property in proportion, from the 64.68% increase to 64.82%.
Glorious Property chairman Mr. Zhang Zhi Rong said: "I share Glorious Property holdings, show me very optimistic about the company as a major shareholder confidence in the prospects for future development because of Glorious Property in the Yangtze River Delta, Bohai Rim and Northeast regional center economic city has a large prime quality land bank; young competent management, with strong implementation capacity; with the project company's sales performance satisfactory, and its multi-channel at a reasonable price supplement effective strategy for quality land bank, so I think to make holdings decision, my interests and shareholders of listed companies and other interests more closely linked, show me the sincerity of the majority of investors.
Mr. Zhang said: "As a major shareholder of Glorious Property and senior management, as the company's business strategy enabler and enforcer, I dare to holdings in the current share price, and further told that all shareholders and all employees, I would firmly to promote the development of the company, and with action to show that confidence in the company. |
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