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Tianli International Holdings Limited ( (HK:1773) ) has shared 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 1,000,000 shares on the open market at an average price of HK$2.82 per share. Following the transaction, Luo now directly and indirectly controls about 44.36% of the issued shares, excluding repurchased and treasury shares, and also holds unexercised options over an additional 30,000,000 shares.
The increased shareholding signals Luo’s confidence in Tianli’s business outlook and future prospects, and he has indicated he may further raise his stake subject to laws and regulations. The company emphasized that, despite the higher insider ownership, it continues to meet the public float requirements of the Hong Kong Stock Exchange, a key consideration for market liquidity and minority shareholders’ interests, while advising investors to exercise caution when trading its securities.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange. The group operates through its subsidiaries, though this announcement focuses on its equity structure and governance, with key leadership concentrated in Chairman and CEO Luo Shi, who holds a significant strategic stake in the company.
Average Trading Volume: 14,485,124
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.68B
See more data about 1773 stock on TipRanks’ Stock Analysis page.