HONG KONG, Sept 18, 2014 - (ACN Newswire) - China Dynamics (Holdings) Limited ("China Dynamics" or the "Group") (Stock Code: 476), a company proactively expanding its business into the new energy industry, has announced that Mr. Cheung Ngan, Chairman of China Dynamics and Mr. Chan Chung Chun, Deputy Chairman have exercised their convertible notes to increase total shareholdings of 480,000,000 shares, representing 26.07% of the enlarged issued share capital of China Dynamics.
Mr. Cheung Ngan, Chairman of China Dynamics, said, "As our expertise and R&D experience in lithium polymer batteries for electric vehicles have captured widespread attention, we have received great investor support from the international capital market. This year, China Taiping Insurance Group Limited and Beijing Motor City have also increased their shareholdings in the Group respectively, reflecting the strong confidence of the investment community. With our core technology and capital foundation, we are optimistic about the Group's prospects and will consider to increase our shareholdings."
At present, China Taiping Insurance Group Limited and Beijing Motor City are holding 3.22% and 4.32% of the enlarged issued share capital of China Dynamics respectively.
About China Dynamics (Holdings) Limited
China Dynamics (Holdings) Limited and its subsidiaries (the "Group") is an integrated battery, motor and motor control solutions provider. Capitalising on its industrial leading technology, China Dynamics provides high-tech products widely used in daily life for customers.
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Source: China Dynamics (Holdings) Limited
Topic: Press release summary
Sectors: Daily Finance, Daily News
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