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Last checked at 
1 Nov 2012 07:00
1 November 2012
China Chaintek United Co., Ltd
("ChainTek" or the "Company")
Director Shareholding
China ChainTek United Holdings Co., Ltd (AIM: CTEK), the provider of logistics services to manufacturers of fast moving consumer goods in China, was notified on 31 October 2012 that William Knight, Non-Executive Chairman, purchased 3,500 ordinary shares of $0.001 each ("Ordinary Shares") on the same date at a price of 225 pence per share. Following this transaction, William Knight holds a total of 3,500 Ordinary Shares representing 0.01% of the existing ordinary share capital of the Company.
ENQUIRIES:
ChainTek |
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Junwei Chen (Investor Relations) | +86 136 7189 8818 |
Derrick Wong (Finance Director) | +86 595 8203 1031 +86 159 8597 3034 |
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ZAI Corporate Finance |
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John Depasquale / Ivy Wang | +44 (0) 203 167 2815 |
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Liberum Capital |
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Steve Pearce / Tom Fyson / Josh Hughes | +44 (0) 20 3100 2000 |
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Cubitt Consulting |
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Chris Lane / Madeline Douglas | +44 (0) 207 367 5100 |
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Notes to editors
ChainTek is one of the largest providers of logistics services to domestic sports shoes and apparel manufacturers in China and also operates in further sectors including the food, building materials, toiletries and paper industries. The Group's main business operation is located at Jinjiang City, Fujian Province. Jinjiang City is a key manufacturing region in China for sports shoes and apparel in China. Manufacturers in Jinjiang City account for approximately 70 per cent. of the entire production volume of sports shoes and apparel in China.
The Group has a long-standing client base of over 60 manufacturers based in Fujian Province and six of its top ten clients by revenue in 2011 are publicly listed in Hong Kong, USA, Malaysia or Singapore. The Group has two business divisions:
Logistics Services Business
This division is focussed on providing logistics connections between the Group's manufacturer client base and their retail markets in the PRC using a network of eight independent Transport Agents. Efficiencies are achieved for both the Transport Agents and the manufacturers by consolidating the goods of several manufacturers to be delivered to similar destinations at the same time thereby increasing the loading rate on the Transport Agents' trucks and reducing the per unit transportation cost.
Inventory Solutions Business
This division is focussed on providing outsourced inventory storage and management services including sorting, packing, labelling and short term storage. This Inventory Solutions Business was launched in 2010 as the Directors perceived a demand from the Group's existing clients for the provision of the above services which would otherwise be conducted in-house by manufacturers. Manufacturers in China acknowledge that managing logistics and warehousing continues to be not only a complex, but also a relatively costly, part of operations. Performance can also be hampered by the availability of experienced staff, especially at a managerial level with increasing wages. As a result, the Directors believe these services will reduce warehousing costs of the manufacturers and will assist in retaining excellent relationships with the Group's key clients.
For more information please visit www.chaintek-united.com
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