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Major Shareholder of Freetech Continues to Increase Stake in the Company
Time：2016/09/27

Hong Kong (27 September 2016)--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, is pleased to announce that Mr. Sze Wai Pan (“Mr. Sze”), the controlling shareholder of the Group, has purchased a total number of 1,155,000 ordinary shares in the secondary market through Freetech (Cayman) Ltd. owned by himself. The purchase was made on 12 September 2016, 15 September 2016 and 23 September 2016, respectively, at an average price of HK$0.975 per share. In addition to being the controlling shareholder of the Group, Mr. Sze also serves as Chairman, CEO and Executive Director. After finishing the purchase mentioned before, Mr. Sze has increased his total interest in the Company to 527,006,260 ordinary shares of the Group, representing approximately 48.84% of the total.

 

As the major shareholder of the Group, high frequency share acquisitions reflect Mr. Sze’s full confidence in the future prospects of the Group and also the optimistic prospect of China’s road maintenance market.

 

Prev：Freetech Successfully Completed Hot-in-Place Recycling Project in Inner Mongolia With a Total Serviced Area of 460,000 Square Meters

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  • +moreFreetech Overview

    Founded in 1993 in Hong Kong, Freetech has been devoted in 100% hot-in-place recycling technology. At present, Freetech has been labled as "road doctor" with business integrating planing&design, manufacturing,engineering,and education.

  • +more发展历程

    2014年7月15日，英达公司在江苏南京六合经济开发区打造占地160亩设备制造基地和研发中心。

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