Tuesday, June 24, 2014
Hu An: Executive Chairman & CEO, Mr Dai Zhi Xiang has snapped up 6.1m shares from the open market last Friday, raising his stakes in the group from 17.01% to 17.61%. Hu An guides that despite concerns on China’s prevalent market risks, the group remains sanguine on China’s growth potential, with the National Development and Reform Commission recently announcing plans to stem economic slowdown. As such one of its objectives would be to quicken the pace of infrastructure and power-related projects to facilitate rapid urbanization. In light of this trend, Hu An sees more opportunities to expand its foothold into China’s power generation and transmission infrastructure sector, with its current solid orderbook of Rmb900m stretching revenue visibility for the year.