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An announcement from Tianli International Holdings Limited ( (HK:1773) ) is now available.
Tianli International Holdings’ chairman and CEO, Luo Shi, has increased his stake in the company by purchasing 1,000,000 shares on the open market, taking his direct and indirect holdings to about 44.14% of the issued share capital, excluding already repurchased but not yet cancelled shares and existing treasury stock. On the same day, the company also repurchased 300,000 shares on-market to be held as treasury shares, moves that the board says signal management’s confidence in the group’s business outlook and long-term prospects while affirming that sufficient public float is being maintained for regulatory compliance.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands and operates through a group structure, though this announcement does not specify its particular industry, products, or services. The company is led by chairman and chief executive officer Luo Shi and maintains a substantial free float in compliance with Hong Kong listing rules.
Average Trading Volume: 17,926,829
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.78B
See more insights into 1773 stock on TipRanks’ Stock Analysis page.