Recent filings with the Stock Exchange of Hong Kong reveal that on September 14, Chairman Lei Jun acquired an additional 1.047 million shares of Kingsoft (03888) at a price of HK$24.2909 per share. This transaction totaled approximately HK$25.43 million.
Following this acquisition, Lei Jun’s total shareholding in the company has increased to around 382 million shares, representing a 27.77% ownership stake in the technology firm.
The move underscores the chairman’s continued confidence in Kingsoft’s growth prospects amid a dynamic market environment. Investors often view such insider buying as a positive signal, reflecting management’s belief in the company’s long-term value.
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