SFC to investigate actual holding person in Kowloon Mountain

In Saturday, the Kowloon Mountain issued a notice that, as a result of the cumulative reduction in the 8-month Kowloon Mountain stock up to 122 million shares, Kowloon Mountainous Brigade, Resortproperty INTERNATIONAL Ltd., OCEAN GARDEN HOLDINGS Ltd. Three major shareholders have been filed for investigation by the SFC. According to the recent disclosure of the summary stock changes book, Kowloon Mountainous Brigade, Resortpro-perty INTERNATIONAL Ltd., OCEAN GARDEN HOLDINGS Co., Ltd. Three companies are the actual holding of Kowloon Mountain, Liqin, the owner of the wholly owned subsidiary,　　The three constitute a concerted action. According to the announcement, Liqin was in the 2008 split share reform from the Japanese Pine Hillock Corporation held in the hands of the Kowloon Mountain stake, transfer procedures in February 2009 party completed. Since March 2, 2009, limited sales conditions of the circulation of shares can be listed in circulation, Liqin repeatedly through the two-tier market to sell shares, the reasons are "to pay the share of the assignee and raise funds for other investments", to October 21, 2009, Liqin shares have accounted for the company's total share capital of 14.12%, No information on the assignee was disclosed.