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Article: BLACK PEONY EXECUTIVES SELLS 7.9188MN SHARES IN 22 DAYS
- Article from:
- AsiaInfo Services
- Article date:
- May 14, 2007
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AsiaInfo Services
05-14-2007
Black Peony Executives Sells 7.9188mn Shares in 22 Days
JIANGSU, May 14, 2007 (SinoCast via COMTEX) -- Seven senior executives of Black Peony (Group) Co., Ltd., one of China's largest denim manufacturers, sold a total of 7.9188 million non-tradable shares at a weighted average price of CNY 8.28 apiece for about CNY 65 million within 20 trading days as of the expiration of the lock-up period.
Notably, Wang Dapan, general manager of the company, sold about 2.2938 million shares, or 25 of his total, on May 3, a cap figure that a senior executive is allowed to sell within one year.
Dai ...