Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tianli International Holdings Limited ( (HK:1773) ) just unveiled an update.
Tianli International Holdings Limited announced that its chairman, executive director and chief executive officer, Luo Shi, has increased his stake in the company by purchasing 300,000 shares on the open market, lifting his direct and indirect holding to about 44.07% of the issued share capital (excluding repurchased and treasury shares), a move that underscores management’s confidence in the group’s business outlook and prospects. On the same day, the company also repurchased 200,000 shares on-market to be held as treasury stock, with the board stating that the buyback reflects its belief that current market conditions present an opportunity to enhance shareholder value; the company noted that it may continue to repurchase shares when appropriate and confirmed that sufficient public float is being maintained in accordance with Hong Kong listing rules.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1773. The group operates through various subsidiaries, though this announcement focuses on its capital market activities and shareholding structure rather than its underlying operating segments or specific products and services.
Average Trading Volume: 17,729,652
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.6B
For detailed information about 1773 stock, go to TipRanks’ Stock Analysis page.