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The latest announcement is out from Tianli International Holdings Limited ( (HK:1773) ).
Tianli International Holdings’ chairman and CEO, Luo Shi, has increased his stake in the Hong Kong–listed company by purchasing 500,000 shares on the open market, bringing his direct and indirect holding to about 44.46% of the issued share capital, excluding previously repurchased and treasury shares. The move, alongside his existing unexercised share options, signals management’s confidence in the group’s business outlook.
On the same day, the company repurchased 200,000 shares on the market to be held as treasury stock, a step the board says reflects its belief that current conditions make buybacks attractive and value-enhancing for shareholders. Despite the director’s increased holdings and the buyback activity, Tianli confirmed that it continues to maintain sufficient public float under Hong Kong listing rules, while cautioning investors to exercise care when trading its securities.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Cayman Islands–incorporated company listed in Hong Kong under stock code 1773. The group operates through subsidiaries and is led by executive director, chairman and chief executive officer Luo Shi, with a board comprising executive, non-executive and independent non-executive directors.
Average Trading Volume: 13,770,525
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.19B
For detailed information about 1773 stock, go to TipRanks’ Stock Analysis page.