Asia Citrus director makes juicy share sale

18th Oct 2010 17:35

Cheung Wai Sun, an executive director Asian Citrus, the largest orange plantation owner in China, has pocketed more than £6.7m from a share sale.He sold 60,000 shares at HK$9.34 (75.5p) and 30,000 at $9.25. He still has options over 1.32m shares.Asian Citrus has two plantations, one of about 30.9 square kilometres in the Guangxi Zhuang Autonomous Region and one of about 37.1 square kilometres in Jiangxi province.The company last week posted a strong rise in profits after the ripening of new fruit-bearing trees boosted sales and margins. Orange sales rose 42% to 61,157 tonnes from 42,977 tonnes. The day before releasing its results, Asian Citrus bought 92.9% of fruit juice and puree producer Beihai Perfuming Garden Juice for HK$2.04bn (£165m). Beihai produces approximately 60,000 tonnes of purees and fruit juices every year and will give the company a 'downstream' business.Top Director BuysAlternative Asset Opportunities PCC Ltd. (TLI) Director name: Mr John ScottAmount purchased: 87,697 @ 56.50p Value: £49,549Vertu Motors (VTU) Director name: Mr Robert ForresterAmount purchased: 101,550 @ 29.25p Value: £29,703Vertu Motors (VTU) Director name: Mr David Malcolm Forbes Amount purchased: 100,000 @ 29.25p Value: £29,250Vertu Motors (VTU) Director name: Mrs Karen AndersonAmount purchased: 84,625 @ 29.25p Value: £24,753SEGRO (SGRO) Director name: Mr Thom WerninkAmount purchased: 6,216 @ 296.80p Value: £18,449Amphion Innovations (AMP) Director name: Mr Richard James MacaleerAmount purchased: 149,820 @ 9.10p Value: £13,634Top Director SellsAsian Citrus Holding (ACHL) Director name: Mr Cheung Wai SunAmount sold: 60,000 @ 7,517.50p Value: £4,510,500Asian Citrus Holding (ACHL) Director name: Mr Cheung Wai SunAmount sold: 30,000 @ 7,517.50p Value: £2,255,250Monitise (MONI) Director name: Mr Alastair LukiesAmount sold: 2,444,817 @ 23.00p Value: £562,308Monitise (MONI) Director name: Mr Lee CameronAmount sold: 122,241 @ 23.00p Value: £28,115Monitise (MONI) Director name: Mr Tom SpurgeonAmount sold: 85,569 @ 23.00p Value: £19,681