Right Select International Limited

China Huarong (2799) increases by 8.58% to 27.99% of Chun Sing (2277)
Company announcement, 26-Jul-2016
From matching disclosures of interests, we see that Huarong bought the 106m shares from Anthony Yeung Chun Wai, Chairman of Chun Sing, at $1.31 per share on 20-Jul. 5 days earlier, Mr Yeung purchased 106.08m shares at $0.97, the same day that the founders sold their remaining 332.5m shares at $0.954.
Chun Sing (2277): China Huarong International Holdings Ltd buys 240m shares (19.42%)Disclosure of interest
Company announcement, 7-Jun-2016
The announcement comes 11 days after the 27-May transaction. The price is not mentioned, but a disclosure of interest filed on 31-May puts it at $1.31 per share or HK$314.4m. The buyer is a 100% subsidiary of China Huarong Asset Management Co., Ltd. (2799). There were no disclosures by any sellers.

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