Hung Roger Wang, a shareholder of PCD Stores (Group) Limited, a Chinese operator of a luxury department store chain, has sold 221.37m shares, representing a 5.26% stake in the company.
The shares were sold on 17 July 2013, at an average price of HKD1.2 (US$0.15) per share, for gross proceeds of about HKD265.644m.
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Wang is the chairman and CEO of Golden Eagle Retail Group Limited, an investment holding company involved in retailing business, which operates in selling international and domestic luxury branded products. PCD Stores is a high-end department store focusing on clothing, footwear and accessories for both men and women.
Hung Roger Wang
-Full name: Mr Hung Roger Wang
-Known as: Roger Wang
-Gender: Male
-Age: 63
-Date of birth/Year: 1950
-Citizenship: United States of America, China;
-Domicile China
-Languages: Chinese, English
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By GlobalDataLiquidity Events
-17 July 2013: Sale of 221.37m shares in PCD Stores (Group) Limited for $34.23m
Profile
Hung Roger Wang was born in 1950 in Taiwan and emigrated to the US in 1973. He returned to China and established the Golden Eagle International Group in 1991, covering 16 cities in China. Mr Wang also serves as the chairman and CEO of Transpacific Management Co. He is also the honorary chairperson of the Association of Overseas Affairs of Nanjing City. He graduated with a law degree f rom Chinese CultureUniversity of Taiwan in 1963. Later on in 1970 he emigrated to the US and completed his MBA from Southeastern Louisiana University in 1973. He is married with two daughters.
For a more detailed profile of Roger Wang see WealthInsight’s dossier: http://www.wealthinsight.com/Dossiers/Summary/3804
