Front Riches sells 225M shares of Sheng Yuan (HKG:0851)


Sheng Yuan Holdings (HKG:0851) announced that it has been informed by Front Riches Investments Limited (Front Riches), the controlling shareholder of Sheng Yuan, that on 28 May 2012, Front Riches sold 225 million shares (representing 13.96% of the total issued share capital of Sheng Yuan) to three independent investors.

Front Riches is a company wholly-owned by Hu Yishi, the husband of Lin Min, an executive director and chairman of Sheng Yuan.

Following the disposal, the total interest of Hu in the shares of Sheng Yuan was 955.746 million shares, representing approximately 59.29% of the total issued share capital of Sheng Yuan.

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