CIFI’s Controlling Shareholders Increased More Than 25.8M Shares for Approx. HK$155 Million

July 04, 2018 - 10:42
CIFI’s Controlling Shareholders Increased More Than 25.8M Shares for Approx. HK$155 Million

HONG KONG,CHINA - Media OutReach - 4 July2018 CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code:884), one of the "Top 15 Real Estate Developers in China" is pleased toannounce that Rosy Fortune Investments Limited, Ding Chang Limited, and RainMountain Limited (collectively, the "Controlling Shareholders"), which arewholly-owned by Mr. Lin Zhong, Mr. Lin Wei and Mr. Lin Feng, the executivedirectors of CIFI, increased their shareholdings by an aggregate of 25,812,950shares of CIFI for a total consideration of approximately HK$155 million from28 May, 2018 to 3 July, 2018.

 

As at 3 July 2018, the Controlling Shareholders heldapproximately 56.08% of the shares of the Group. The Controlling Shareholdersare confident about the future prospects of the Group and believe that therewill be continued growth and development of the Group. The Controlling Shareholdersdo not rule out the possibility of further increasing shareholding in the Groupwhen appropriate in the future, subject to compliance with applicable legal andregulatory requirements. With its strong sales performance and prudentfinancial management, the Group is confident about generating good returns toits shareholders.

 

About CIFI Holdings (Group) Co. Ltd.

Headquartered in Shanghai, CIFI is oneof China's top 15 real estate developers. CIFI principally focuses ondeveloping high-quality properties which target the end-users in first-,second- and third-tier cities in China. CIFI develops various types of properties,including residential flats, office buildings and commercial complexes.

 

To learn more about the Company, please visitCIFI's website at: https://www.cifi.com.cn


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