2008-12-04 Beijing
Kai Yuan Holdings announced yesterday that Du Shuanghua, Chairman of China's steel maker Rizhao Iron and Steel Group, has acquired another 260 million shares of Kai Yuan via Happy Sino International Limited, in which he holds a 85 percent stake, at 1.6 US cents per share, or some US$4.2 million in total, bringing his stake in Kai Yuan to more than 9.8 percent and making him the largest shareholder of the company.
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December 04, 2008
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