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Tianli International Holdings Limited ( (HK:1773) ) has provided 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 500,000 shares on the open market, bringing his direct and indirect holding to about 43.94% of the company’s issued shares, excluding repurchased and treasury shares. On the same day, the company repurchased 200,000 shares on the open market to be held as treasury stock, with the board saying both the insider share purchase and the buyback signal management’s confidence in Tianli’s business outlook and are intended to enhance shareholder value, while confirming that the company continues to maintain sufficient public float under 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. It operates through a group structure with subsidiaries, and its shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1773, with a shareholder base that includes a substantial controlling stake held by its chairman and chief executive officer, Luo Shi.
Average Trading Volume: 17,659,545
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.01B
See more insights into 1773 stock on TipRanks’ Stock Analysis page.