COUNTRY GARDEN (2007 : HK) Sector: PTY    
Buybacks by Country Garden (2007.HK) since Sept reach $570 million
Buybacks by property developer Country Garden Holdings Company Limited (2007.HK) [MKT CAP 93.9B] since September have amounted to 137.2 million shares worth $570.334 million. The trades, which accounted for 23% of the stock's trading volume, were made from September 7 to October 4 at $4.04 to $4.30 each or an average of $4.16 each. The Group recorded buys on every day during that 19-day period. The Company last bought 10.93 million shares from October 3 to 4 at an average of $4.14 each [3MTH +5%(100%) 22 FILINGS-JAN 2016]. The buybacks in the past two months were made on the back of the rise in the share price since August from $3.16. The repurchases in September were made at higher than its previous acquisition prices based on the 172.3 million shares that the Company acquired from May 12 to July 15 at $2.98 to $3.28 each or an average of $3.11 each and 203 million shares from January 11 to April 5 at $2.85 to $3.03 each or an average of $2.96 each. The repurchases since January are the Company's first buybacks since listing in April 2007. Also positive in the past two months is Executive Director Ms. Yang Hui Yan with 10.67 million shares purchased on September 23 at $4.26 each [AI SCORE 2.0; 3MTH 0%(44%)/6MTH -7%(53%) 96 BUYS-2008], which boosted her stake to 12.197 billion shares or 54.91% of the issued capital. She previously acquired 80.2 million shares from January 11 to August 26 at $2.98 to $3.80 each or an average of $3.20 each. Prior to her purchases this year, Ms. Yang acquired 6 million shares in March 2014 at an average of $3.11 each and 87.5 million shares from June to December 2013 at $3.63 to $5.06 each or an average of $4.32 each. Prior to her purchases since 2013, the director acquired 546,000 shares in May 2009 at $3.69 each and 2 million shares in October 2008 at $1.78 each. Ms. Yang, aged 34, joined the Group in 2005 and was appointed as Executive Director in December 2006 and Vice Chairman in March 2012. Investors should note that there were purchases by Executive Directors Yang Zi Ying and Mo Bin earlier this year. Executive Director Yang Zi Ying acquired an initial 2.750 million shares on August 19 at $3.78 each [AI SCORE 4.6]. The shares bought represented 0.01% of the issued capital. That is her first on-market trade since she joined the Group in 2008. Executive Director Mo Bin, on the other hand, purchased 4.6 million shares from May 18 to 26 at an average of $2.99 each [AI SCORE 3.4; 3MTH -11%(0%)/6MTH -12%(33%) 9 BUYS-2014], which increased his holdings by 76% to 10.711 million shares or 0.04%. He previously acquired 2.9 million shares in April 2015 at an average of $3.75 each and an initial 3.000 million shares in March 2014 at $3.12 each. Country Garden announced its 1H results on August 18 with profit attributable to shareholders up 9.3% to RMB 5.389 million for the 6 months to 30 June 2016. The stock was trading at $4.11 on October 6 (Asia Insider News Oct 5, 2016).
comments powered by Disqus
Past News for this Stock
SECTORS
SECTORS DEFINITION
CONS Consumer Goods
FIN Financial Services
FOOD Food & Beverage
HEALTH Health Services
HOSP Hospitality
INFRA Infrastructure
MAT Materials
MEDIA Publishing, TV, Film
PTY Property
SERV Services
TECH Technology
TRANS Transport Services
UTY Utilities


Asia Insider Retail Website

Disclaimer

The content on this site, including news alerts, quotes, data and other information, is provided by Asia Insider Limited and its third party content provider for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.

Asia-insider.com does not provide investment advice nor recommendations to buy or sell securities. We do not request personal information in any unsolicited email correspondence with our customers. Any correspondence offering trading advice or unsolicited message asking for personal details should be treated as false and reported to admin@asia-insider.com.

Neither Asia Insider Limited nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. ASIA INSIDER LIMITED EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF ANY THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.

Although Asia Insider Limited makes reasonable efforts to obtain reliable content from third parties, Asia Insider Limited does not guarantee the accuracy of or endorse the views or opinions given by any third party content provider. This site may point to other Internet sites that may be of interest to you, however Asia Insider Limited does not endorse or take responsibility for the content on such other sites.

Asia Insider News Alerts

Whilst Asia Insider Limited has used reasonable endeavours to ensure that the information provided by Asia Insider in its news alerts are accurate and up to date as at the time of issue, it reserves the right to make corrections and does not warrant that it is accurate or complete. News will change with time. Asia Insider Limited hereby disclaims all liability to the maximum extent permitted by law in relation to the news alerts and does not give any warranties (including any statutory ones) in relation to the news. This is a free service and therefore you agree by receiving any new alert(s) that this disclaimer is reasonable. Any copying, redistribution or republication of Asia Insider news alert(s), or the content thereof, for commercial gain is strictly prohibited.

Third Party Legal Notices

The HK, Singapore and Australian Substantial Shareholder filings and Company buyback transactions are the copyright of The Stock Exchange of HK Limited, Monetary Authority of Singapore and The Australian Stock Exchange, respectively. It endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from inaccuracies or omissions.



Copyright

All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Asia Insider content, including by framing or similar means, is expressly prohibited without the prior written consent of Asia Insider Limited. The Asia Insider logo is a registered trademark of Asia Insider Limited.