HONG KONG--(BUSINESS WIRE)--Huazhang Technology Holding Limited (“Huazhang” or the “Group”, stock code: 1673) is pleased to announce that, Florescent Holdings Limited ("Florescent"), the controlling shareholder of the Company, that on 25 April 2016, it purchased 410,000 shares of the Company on The Stock Exchange of Hong Kong Limited at an average price of HK$3.001 per Share. After the transaction, Florescent’s interests in the issued share capital of the Company will increase to 68.06%.
The increase in shareholding demonstrates the long-term commitment of the Florescent to the Company, as well as its full confidence in the Company’s development prospects. It may consider to further increase its shareholding in the Company in the future.
About Huazhang Technology Holding Limited
The Group is principally engaged in research and development, manufacture and sale of industry automation systems, sludge treatment products and corresponding services. The Group’s industrial automation systems and sludge treatment products are custom-built in accordance with the specifications and requirements provided by the Group’s customers. The Group is also engaged in the provision of after-sales and other services Group’s existing customers.