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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 CEO, Luo Shi, has increased his stake in the company by purchasing 500,000 shares on the open market at an average price of HK$2.83 per share, bringing his direct and indirect holding to about 43.91% of the issued share capital, excluding repurchased and treasury shares. On the same day, the company also repurchased 200,000 shares on the open market to be held as treasury stock, moves the board says are intended to signal management’s confidence in the group’s business outlook and to enhance shareholder value, while confirming that sufficient public float is being maintained and indicating the company may consider further buybacks when appropriate.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands and operates through a group structure, though this announcement does not specify its particular industry or core business lines. The company has a broad shareholder base with its shares traded on the Main Board of the Stock Exchange of Hong Kong, and its ownership is significantly concentrated in its chairman and chief executive officer, Luo Shi.
Average Trading Volume: 17,752,585
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.01B
For a thorough assessment of 1773 stock, go to TipRanks’ Stock Analysis page.