6th Dec 2013 16:39
Press Release | 6 December 2013 |
China Chaintek United Co., Ltd
("ChainTek" or the "Company")
Director Dealings
China Chaintek United Co., Ltd (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, announces that William Knight (Non-Executive Chairman), Stuart Lane (Non-Executive Director) and Derrick Wong (Executive Director and Chief Financial Officer) have today purchased ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 140 pence per Ordinary Share. Details of the transactions and the directors' holdings are set out in the table below:
Directors | Number of Ordinary Shares Purchased | Ordinary Shares held Following Purchases | Holding in the Company (%) |
Stuart Lane Non-Exec
|
11,000 |
11,000 |
0.020 |
William Knight Chairman | 5,000 | 8500 | 0.016 |
Derrick Wong CFO |
5,000 |
5,000 |
0.009 |
The Company was also informed today by Daniel Stewart & Co plc that yesterday it had completed a series of open-market share sales, conducted on behalf of existing ordinary shareholders at a price of 140 pence (the "Placing").
Commenting on the Placing, Mr Xu Meijin, Executive Director of ChainTek, said: "The Board would like to thank the early stage investors in ChainTek for their past support. We believe this Placing will strengthen the Company's shareholder list. The Board continues to view the future with confidence and looks forward to working with our new shareholders, as well as our remaining existing shareholders, to drive the Company's growth and improve the liquidity of share trading on the AIM market."
- Ends -
For further information:
China Chaintek United Co., Ltd | |
Zhining Xu (Investor Relations) | +44 (0) 7720570262 |
Derrick Wong (Finance Director) | +65 9227 8485 +86 159 8597 3034 |
ZAI Corporate Finance | |
Ray Zimmerman / Wei Wang | +44 (0) 207 060 2220 |
Daniel Stewart & Co | |
Paul Shackleton / James Thomas | +44 (0) 20 7776 6550 |
Abchurch Communications | |
Henry Harrison-Topham / Joanne Shears | +44 (0) 20 7398 7702 |
www.abchurch-group.com |
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