Kaisa Group family purchased HK$8.2m shares

Kaisa Group (1638) chairman and executive director Kwok Ying-shing and his family made on-market purchases of a total of 4.14 million shares of the developer at HK$1.98 apiece on average, totaling HK$8.2 million.

Kwok also chairs Sing Tao News Corporation, which is The Standard's mother company.

The chairman and his family’s latest increase in their respective shareholding demonstrates their continued support and confidence in the prospect of the Kaisa and its subsidiaries, according to an exchange filing.

To that end, Kwok holds an aggregate of 1.78 billion shares, representing approximately 25.43 percent of the stake in Kaisa.