Xie Zhaokai Expands Stake in METASPACEX with 2.05 Million Share Purchase

Stock News09-03

Hong Kong Stock Exchange filings reveal that on September 1, Xie Zhaokai acquired an additional 2.052 million shares of METASPACEX (01796) at a price of HKD 0.689 per share, totaling approximately HKD 1.41 million. Following this transaction, Xie's total holdings have risen to around 164 million shares, representing a 34.11% stake in the company.

This latest move underscores a continued accumulation of shares by the investor, reflecting a growing confidence in the firm's future prospects. The purchase price of HKD 0.689 indicates a strategic entry point, aligning with recent market trends for tech-driven enterprises in the digital intelligence sector.

Market analysts note that such insider buying often signals a positive outlook, and the increased stake could influence investor sentiment in the near term. As of now, METASPACEX shares have shown resilience, trading steadily amid broader market fluctuations.

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