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The latest announcement is out from Tianli International Holdings Limited ( (HK:1773) ).
Tianli International Holdings Limited reported that its chairman, executive director and chief executive officer, Luo Shi, increased his stake in the company by purchasing 1,030,000 shares on the open market, bringing his direct and indirect shareholding to about 43.51% of the issued shares, excluding repurchased and treasury stock. On the same date, the company repurchased 200,000 shares on-market to be held as treasury shares, actions the board says reflect confidence in Tianli’s business outlook and are intended to create value for shareholders, while maintaining sufficient public float and leaving open the possibility of further share purchases and repurchases in line with regulatory requirements.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange under stock code 1773. It operates through a group structure in the People’s Republic of China, though this announcement does not specify its exact industry or core products and services.
Average Trading Volume: 17,029,786
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.9B
For a thorough assessment of 1773 stock, go to TipRanks’ Stock Analysis page.