SY Holdings (06069) receives further increase of 5.293 million shares from its controlling shareholder, involving approximately HK$50.15 million.
Shengye (06069) announced that from March 18, 2026 to April 24, 2026, the Chairman of the Board of Directors, Executive Director, and controlling shareholder Mr. Tung Chi Fung has further purchased a total of 5.293 million shares of the company through his controlled entity, Wisdom Cosmos Limited, in the open market. The average price is approximately HK$9.47 per share, with a total consideration of approximately HK$50.15 million. Following this increase in shareholding, Wisdom Cosmos Limited's direct shareholding in the company (excluding treasury shares) has increased to approximately 53.44%.
SY HOLDINGS (06069) announced that from March 18, 2026 to April 24, 2026, the Chairman of the Board of Directors, Executive Director, and controlling shareholder Mr. Tung Chi Fung has further purchased a total of 5.293 million shares of the company through his controlled entity Wisdom Cosmos Limited in the open market, at an average price of approximately HK$9.47 per share, with a total consideration of approximately HK$50.15 million. Following this increase in shareholding, Wisdom Cosmos Limited's direct shareholding (excluding treasury shares) in the company has increased to approximately 53.44%.
The announcement stated that this increase in shareholding fully demonstrates Mr. Tung's strong confidence in the long-term development prospects and intrinsic value of the group, as well as his full support for the group's continued stable development. Since the company's listing, Mr. Tung has never sold any shares of the company in any form, and has increased his shareholding in the company several times, totaling over 14.4 million shares, with an increase amount exceeding HK$1.2 billion. Mr. Tung has also indicated to the company that, subject to applicable legal and regulatory requirements, he does not rule out the possibility of further increasing his shareholding in the company at an appropriate time in the future.
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