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Director Dealings

6th Dec 2013 16:39

RNS Number : 9662U
China Chaintek United Co., Ltd
06 December 2013
 



 

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

[email protected]

www.abchurch-group.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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