[ET Net News Agency, 14 January 2020] A-Living Services Co., Ltd. (03319) said the
company was informed by Greenland Financial Holdings Group Co., Ltd. (Greenland Financial)
that, Greenland Financial Overseas Investment Group Co., Ltd. (Greenland Overseas), a
wholly-owned subsidiary of Greenland Financial and a substantial shareholder of the
company, had disposed of 50 million overseas listed foreign shares of the company (the H
Shares) at an average price of HK$30.2 per share.
Immediately prior to the disposal, Greenland Financial, through its wholly-owned
subsidiaries, Greenland Overseas and Ningbo Lvjin Investment Management Co., Ltd. (Ningbo
Lvjin), was interested in 50 million H Shares and 100 million unlisted shares of the
company respectively, representing approximately 11.25% of the total issued share capital
of the company in aggregate.
Immediately after the disposal, Greenland Financial, through its wholly-owned
subsidiary, Ningbo Lvjin, was interested in 100 million unlisted shares, representing
approximately 7.50% of the total issued share capital of the company. Accordingly,
Greenland Financial has ceased to be a substantial shareholder of the company.
The disposal is mainly due to the continuing funding needs of Greenland Financial and
will not affect the strategic cooperation between Greenland Holdings Group Company Limited
(Greenland Holdings), the holding company of Greenland Financial, and the company. (RC)