News Column

Li Ka-shing Sold 2.45% of Changyuan

May 28, 2014

SHENZHEN, May 28, SinoCast -- Changyuan Group Ltd. (SHSE: 600525) said it received a notice from an investment firm controlled by Li Ka-shing. The investment firm as a shareholder sold about 21.18 million shares of it on May 27. The shares accounted for 2.45% of its total capital stock.

The investment firm sold 22 million shares of Changyuan from February 17 to May 6 this year. The shares accounted for 2.55% of total capital stock of the latter. It has sold about 43.18 million shares of Changyuan. The shares accounted for 5% of total capital stock of the target.

After the sale, China Resources SZITIC Trust Co. became the No.1 shareholder of Changyuan with a 6.24% stake. The investment firm became the No.2 with a 5.76% stake.

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Source: Sinocast Energy Beat (China)

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