Tongdao Liepin Group (HK:6100) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Chairman Dai Kebin of Tongdao Liepin Group has increased his shareholding in the company by purchasing an additional 3.44% of total issued shares for HK$42.6 million, raising his stake to approximately 26.19%. The Board agrees with Mr. Dai’s confidence in the company’s undervalued shares and future prospects. This acquisition maintains the company’s public float and does not necessitate a mandatory general offer.
For further insights into HK:6100 stock, check out TipRanks’ Stock Analysis page.