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Tianli International Holdings Limited ( (HK:1773) ) just unveiled an announcement.
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 1,300,000 shares on the open market at an average price of approximately HK$2.86 per share. Following this transaction, Luo now directly and indirectly holds about 43.78% of Tianli’s issued shares, excluding repurchased but not yet cancelled shares and treasury shares, and he also holds unexercised options over a further 30,000,000 shares. Luo’s move signals his confidence in the company’s business outlook and future prospects, and the board emphasized that the company continues to meet Hong Kong’s public float requirements, while advising shareholders and investors to exercise caution when trading the company’s securities.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 1773. The announcement does not specify its industry or principal business activities, but it operates through a group structure with multiple subsidiaries and maintains a public float in accordance with Hong Kong listing rules.
Average Trading Volume: 17,721,578
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.82B
For a thorough assessment of 1773 stock, go to TipRanks’ Stock Analysis page.