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An announcement from Tianli International Holdings Limited ( (HK:1773) ) is now available.
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, taking his direct and indirect holdings to about 44.03% of the issued share capital, excluding already repurchased and treasury shares. On the same day, the company also repurchased 200,000 of its own shares on market to be held as treasury stock, with the board stating that both the insider buying and buyback activity reflect confidence in Tianli’s business outlook and are intended to enhance shareholder value, while confirming that the firm continues to meet public float requirements and may consider further repurchases or stake increases when appropriate.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with operations managed through a group structure. It is led by executive chairman and chief executive officer Luo Shi, supported by a board comprising executive, non-executive and independent non-executive directors. The company’s shares are traded on the Main Board of the Stock Exchange of Hong Kong, with a public float maintained in accordance with listing rules.
Average Trading Volume: 17,931,368
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.6B
For an in-depth examination of 1773 stock, go to TipRanks’ Overview page.