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| Monday, 17 December 2012, 15:00 HKT/SGT | |
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HONG KONG, Dec 17, 2012 - (ACN Newswire) - China Yurun Food Group Limited ("Yurun Food" or the "Company", and together with its subsidiaries, the "Group") (SEHK: 1068) would like to announce that each of Mr. Yu Zhangli, the Chairman of the Board, and Mr. Li Shibao, the Chief Executive Officer of the Company, has acquired 89,000 shares in the Company respectively at a price ranging from HK$5.57 to HK$5.58 on 14 December, 2012. The share acquisition reflects the management's full confidence in the development and the prospect of the Group.
Mr. Yu Zhangli, Chairman of the Board of the Group, said, "The increase in shareholding by both Mr. Li Shibao, the Chief Executive Officer of the Company, and me has demonstrated the management's full confidence in the business recovery and development prospect of the Group. Following the gradual improvement in the global economy and the steady growth of the Chinese economy, the management has a positive view of the future economic environment and the outlook of the industry. We will leverage the opportunities arising in the industry in order to further enhance the Group's leading position in the meat processing sector to achieve return to our shareholders and our contribution to the community."
Under the leadership of its experienced management team and against the backdrop of favourable government policies, the Group will continue to strengthen its market presence through enhancing its brand building and marketing strategies, strengthening crisis and risk management and quality control measures, optimizing product and business segment mix, as well as nationwide hog slaughtering production network, in order to enhance its competitive advantages in the market and capture the precious opportunities arising from industry consolidation. The management of the Group will make their best efforts in procuring business recovery to normal to achieve steady development and better performance of the Group.
About China Yurun Food Group Limited (Stock code: 1068)
China Yurun Food Group Limited is one of the largest meat product suppliers in China and offers products including chilled pork, frozen pork, as well as low temperature meat products and high temperature meat products with pork as the main ingredient, currently marketed under four major brands namely "Yurun", "Wangrun", "Furun" and "Popular Meat Packing". Leveraging its exceptional brands, a network of production bases, a stable and efficient supply chain, the extensive marketing channels and the strong research and development capabilities of new products, Yurun Food will continue to explore new markets and increase the breadth and depth of its market coverage, with a view to further reinforce the Group's leading presence in the industry.
Corporate website: www.yurun.com.hk
Topic: Press release summary
Sectors: Daily Finance, Daily News
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