Jinyong Investment (01328) announced that on May 13, 2024, Redwood, a wholly-owned subsidiary of the company, purchased a total of 142,500 shareholder-selected shares at a total cost of about HK$2.341 million (not including transaction costs) through in-market transactions carried out on the Stock Exchange, which is equivalent to approximately HK$16.43 per share of Oriental Selected Shares.
Redwood purchased a total of 711,500 owner-selected shares during the 12 month period prior to the date of purchase, at a total cost of approximately HK$11.38 million (not including transaction costs). Following these purchases, the Group held a total of 854,000 Oriental Selected Shares, accounting for approximately 0.083% of the total number of shares issued by Oriental Selection on the date of this announcement.
According to the announcement, the group is mainly engaged in providing investment management services and strategic direct investment business.