Yanlord chairman Zhong Sheng Jian buys shares in own company again

SINGAPORE (Mar 8): Zhong Sheng Jian, chairman and CEO of Yanlord Land Group, has bought shares in his company from the open market this past week, bringing his level of interest in the China-based developer to 68.67%, from 68.52% a week ago.

On March 5, Zhong spent a total of $999,456 to buy 580,000 shares. The following day, he spent $734,118 to buy another 420,000 shares. On March 7, he spent $3,498,400 to buy another two million shares.

The purchases over these three days work out to an average of just over $1.74 per share. He now owns direct and deemed interests of 1,326,343,100 shares in the company.

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