Agile Increased its Shareholding in "A-Living" up to 54.02%, Fully Support the Industrial Development, Have Full Confidence in Long-term Growth
HONG KONG, Oct. 26, 2020 /PRNewswire/ -- Agile Group Holdings Limited ("Agile" or the "Group"; Stock Code: 3383) is pleased to announce that the Group has indirectly purchased 320,000 overseas listed shares ("H Shares") in A-Living Services Co., Ltd. ("A-Living"; Stock Code:3319) from the market on 23 October 2020 at an average price of approximately HK$32.19 per H Share. After the completion of the purchase, the total shareholding of the Group in A-Living has been increased from approximately 54.00% to approximately 54.02%.
Management commented, "As an important layout of the property sector in the Group's diversified development strategy, A-Living has been undertaking mid-to-high-end property projects developed by the Group and keep providing the Group with a full range of high-quality services. Since its listing, through market-oriented development and seizing opportunities for industry integration and upgrading, A-Living has developed into a leading comprehensive property management company with a nationwide coverage and the whole industry chain with a diversified business portfolio, achieving leap-frog growth in business and scale and overall strength. A-Living has a number of well-known national brands and has successfully established leading advantages in various market segments, playing an active role to extend the industrial chain for providing urban services, thereby continuously enhancing its brand influence and market share. The Group has full confidence in the long-term development and sustainable growth of A-Living. We will continue to promote the synergistic development between A-Living and other business sectors, build A-Living as a benchmark brand for an integrated intelligent city services provider, which will help enhance the Group's overall strength and long-term competitiveness."
Agile (Stock Code: 3383) is principally engaged in the development of large-scale mixed-use property projects, with extensive presence in the businesses of property management, environmental protection, construction, real estate construction management and commercial. As a renowned brand in China, the Group has established diversified businesses in various cities and districts in China and overseas.
The shares of Agile have been listed on the Main Board of Hong Kong Stock Exchange since 2005 and are constituent stocks of Hang Seng Composite Index, Hang Seng Global Composite Index, Hang Seng Stock Connect Hong Kong Index Series, Hang Seng Mainland China Companies High Dividend Yield Index, Hang Seng Mainland Properties Index, Hang Seng High Beta Index, Hang Seng China (Hong Kong-listed) 100 Index, MSCI China Index and Lippo Select HK & Mainland Property Index.
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Callis Lau / Emily Chiu / Him Chu
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