Executive Director Liu Jingwei Bolsters Stake in SHOUCHENG with Fresh Share Purchase

Deep News09-04 09:32

Recent filings from the Hong Kong Stock Exchange reveal that on September 3rd, executive director Liu Jingwei acquired an additional 50,000 shares of SHOUCHENG (00697) at a price of HK$1.36 per share, bringing the total transaction value to HK$68,000.

Following this purchase, Liu Jingwei's latest shareholding now stands at 5,243,200 shares, which represents a holding ratio of 0.06% in the company.

This move reflects the executive's continued confidence in the company's prospects, as the newly acquired shares were bought at the stated unit price of HK$1.36 during the trading session on that date.

The disclosure comes as part of the routine reporting requirements for directors' transactions on the Hong Kong bourse, offering transparency to market participants regarding insider trading activities.

The increase in the executive director's stake, though modest in size, signifies a personal investment alignment with the firm's strategic direction, as tracked by the latest data available from the exchange.

Market observers often view such insider purchases as a positive signal, potentially indicating the leadership's belief in the company's intrinsic value at the current trading levels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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