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Increase in Shareholding by Chairman of China Lesso

Release time:2014-04-07 clicks: 78

Increase in Shareholding by Chairman of China Lesso (3 April 2014, Hong Kong) – China Lesso Group Holdings Limited (“China Lesso” or the “Company”, HKEx stock code: 02128), a leading manufacturer of building materials and home decoration products in mainland China, announced that the controlling shareholder, New Fortune Star Limited, increased its shareholding in the Company by purchasing 1,892,000 Shares during the period from 31 March to 1 April 2014. New Fortune Star Limited, wholly-owned by Mr. Wong Luen Hei, Chairman and Executive Director of the Company, acquired the shares at HK$4.27 per share. Immediately following the stake increase, Mr. Wong held an aggregate of 2,120,793,000 shares, representing approximately 68.70% of the total issued share capital of the Company. Mr. Wong said, “Such increase in shareholding represents my confidence in the Company’s business and prospects. Leveraging on its strong business fundamentals and solid financial strength, the Company is confident to generate good returns to its shareholders.”