December 22, 2017 / 10:11 AM / a month ago

BRIEF-Jupai CEO buys about 10 pct of co's total shares outstanding​

Dec 22 (Reuters) - Jupai Holdings Ltd:

* ‍JUPAI ANNOUNCES PRIVATE SHARE PURCHASE BY CEO​

* ‍TOTAL CONSIDERATION OF TRANSACTION IS US$56.85 MILLION EQUIVALENT TO US$17.18 PER AMERICAN DEPOSITARY SHARES

* ‍FOLLOWING TRANSACTION, E-HOUSE AND MR. ZHOU COLLECTIVELY WILL BENEFICIALLY OWN ABOUT 25% OF EQUITY INTERESTS IN COMPANY​

* ‍JIANDA NI, CO‘S CEO, AGREED TO BUY TOTAL OF 19.85 MILLION ORDINARY SHARES OF CO, OR ABOUT 10% OF CO‘S TOTAL SHARES OUTSTANDING​ Source text for Eikon: Further company coverage:

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