SUNSHINE (509 : HK) Sector: IND    
Chairman buys more of Century Sunshine (509.HK) at lower prices
Chairman & CEO Chi Wen Fu resumed buying shares of agrotechnology firm Century Sunshine Group Holdings Limited (509.HK) [MKT CAP 1.36B] at lower than his acquisition prices earlier this year with 14.35 million shares purchased from September 1 to October 5 at $0.32 to $0.29 each or an average of $0.297 each [AI SCORE 4.2; 3MTH +3%(52%)/6MTH +14%(59%) 438 BUYS-2008]. The trades, which accounted for 7% of the stock's trading volume, increased his holdings to 1.580 billion shares or 34.36% of the issued capital. The purchases were made on the back of the 24% drop in the share price since June from $0.39. The acquisitions were also made after the Company announced on August 31 a 35.7% drop in 1H profit attributable to shareholders to $117.717 million for the 6 months to 30 June 2016. He last bought 1.365 million shares from October 3 to 5 at $0.29 each. Prior to the purchases since September, Mr. Chi acquired 16 million shares from April 19 to May 16 at $0.43 to $0.38 each or an average of $0.39 each. Prior to his purchases this year, the Chairman acquired 865,000 shares in April 2013 at $0.72 each and 159 million shares from December 2008 to May 2012 at $0.16 to $0.35 each or an average of $0.26 each. Investors should note that the Company bought back 11.45 million shares from January 21 to 28 at an average of $0.366 each [3MTH +67%(100%)/6MTH +198%(100%) 17 FILINGS-2012]. The Group previously acquired 23 million shares in July 2015 at $0.395 each and 34.56 million shares from July to September 2012 at $0.21 to $0.27 each or an average of $0.23 each. The counter was trading at $0.29 on October 11 (Asia Insider News Oct 11, 2016).
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