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HONG KONG, July 27, 2010 - (ACN Newswire) - Hong Kong Resources Holdings Company Limited ("HKRH" or the "Company"; SEHK: 2882) has announced that Dr Kennedy Wong, Chairman of the Company, has increased his stake in HKRH to more than 36% last week.
From 20 to 22 July 2010, Dr Wong purchased a total of approximately 1.5 million shares from the market at the price range between HK$1.27 and HK$1.29 per share. After the transactions, Dr. Wong's stake (excluding preference shares and share options) in the Company increased to 36.03% as at 25 July 2010.
Dr Wong said, "After the acquisition of the retail business of gold and jewellery products under the trade name of 3D-GOLD in July 2009, we have been committed in growing our retail business and are happy to see the achievements reflected in our annual results just announced a week ago. I am confident in our prospects ahead, and intend to continue to give strong support to HKRH and work closely with the management team and staff to bring our business to new heights!"
Contact:
Hong Kong Resources Holdings Company Limited
Herbert Hui, Head of Investor Relations & Corporate Communications Department and Executive Director
Thisby Wong, Manager, Corporate Communications Department
Phone: +852 3926 3613
Email: hh@hkrh.hk / thisby@hkrh.hk
Strategic Financial Relations Limited
Heidi So / Derek Lee / Angelus Lau / Angela Ng
Phone: +852 2864 4826 / 4858 / 4805 / 4855
Email: heidi.so@sprg.com.hk / derek.lee@sprg.com.hk / angelus.lau@sprg.com.hk / angela.ng@sprg.com.hk
Topic: Press release summary
Source: Hong Kong Resources Holdings Company
Sectors: Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network
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