Deputy Chairman records first buys in Shangri-La Asia (69.HK) since Oct 2015 on 12% rebound
Deputy Chairman Kuok Hui Kwong recorded her first on-market trades in hotel play Shangri-La Asia Limited (69.HK) [MKT CAP 30.6B] since October 2015 with 30,000 shares purchased from October 3 to 4 at $8.50 each [AI SCORE 4.2]. The trades increased her holdings to 5.031 million shares or 0.14% of the issued capital. The purchases were made on the back of the 12% rebound in the share price since the last week of June from $7.62. The counter is also up since February from $6.80. She previously acquired 550,000 shares from September to October 2015 at $6.69 to $7.13 each or an average of $6.98 each. The purchases by Ms. Kuok since September 2015 are her first on-market trades since her appointment in October 2014. Shangri-La Asia announced its 1H results on August 25 with a loss attributable to shareholders down of US$3.743 million for the 6 months to 30 June 2016 versus a profit of US$98.381 million in the same period last year. The stock closed at $8.45 on October 11 (Asia Insider News Oct 8, 2016).
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