TRANSFERS PRIVATELY OWNED 30,000,000 SHARES TO STAFF
(26 June 2009 Hong Kong) Comba Telecom Systems Holdings Limited ( Comba or the Group , Hong Kong stock code: 2342), a leading wireless enhancement solutions provider, its Chairman, Mr. Fok Tung Ling, transferred its privately owned shares as encouragement to staff who has made prominent contributions to the Group.
Through his wholly beneficially owned company, Prime Choice Investments Limited ( Prime Choice ), Mr. Fok transferred off-market a total 30,000,000 shares at the then closing price to different directors and senior employees of the Group.
Mr. Fok said, Thanks to the joint efforts of the staff and their contribution to the business development, Comba achieved another year of record highs in 2008. This transfer of shares not only provides a more convenient and economical way for the staff to acquire the shares, it also enhances the liquidity of the shares without diluting the base, thereby achieving win-win situations for the Group, shareholders and the staff. Besides, the positive response from the staff that has been offered to participate in these transfers reflected their confidence in the Group s future development.
Among the 30,000,000 shares, 9,546,000 shares have been transferred to the Group s directors, including Mr. Wu Jiang Cheng, Mr. Yeung Pui Sang, Simon, Mr. Yan Ji Ci, Mr. Tong Chak Wai, Wilson and Mr. Zheng Guo Bao while the remaining 20,454,000 shares have been transferred to other staff. After this transfer, Prime Choice s shareholding in Comba reduced from 43.0% to 39.8%.
(26 June 2009 Hong Kong) Comba Telecom Systems Holdings Limited ( Comba or the Group , Hong Kong stock code: 2342), a leading wireless enhancement solutions provider, its Chairman, Mr. Fok Tung Ling, transferred its privately owned shares as encouragement to staff who has made prominent contributions to the Group.
Through his wholly beneficially owned company, Prime Choice Investments Limited ( Prime Choice ), Mr. Fok transferred off-market a total 30,000,000 shares at the then closing price to different directors and senior employees of the Group.
Mr. Fok said, Thanks to the joint efforts of the staff and their contribution to the business development, Comba achieved another year of record highs in 2008. This transfer of shares not only provides a more convenient and economical way for the staff to acquire the shares, it also enhances the liquidity of the shares without diluting the base, thereby achieving win-win situations for the Group, shareholders and the staff. Besides, the positive response from the staff that has been offered to participate in these transfers reflected their confidence in the Group s future development.
Among the 30,000,000 shares, 9,546,000 shares have been transferred to the Group s directors, including Mr. Wu Jiang Cheng, Mr. Yeung Pui Sang, Simon, Mr. Yan Ji Ci, Mr. Tong Chak Wai, Wilson and Mr. Zheng Guo Bao while the remaining 20,454,000 shares have been transferred to other staff. After this transfer, Prime Choice s shareholding in Comba reduced from 43.0% to 39.8%.
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