Stock Track | KIU HUNG INT'L Soars 7% After Executive Director's Share Purchase

Stock Track10-18

Shares of KIU HUNG INT'L Holdings Ltd (00381.HK) rallied 7.03% on Thursday morning, surging to an intraday high amid significant trading volume. The stock move followed the company's disclosure that an executive director purchased a substantial stake in the firm.

According to a filing, the executive director bought a total of 10 million ordinary shares of KIU HUNG INT'L at an average price of HK$0.78 per share on October 17. The insider buying, which represented a multimillion-dollar investment, demonstrated the executive's confidence in the company's prospects.

Such insider transactions are often viewed as a bullish signal by investors, as corporate insiders with an intimate knowledge of a company's operations and outlook are putting their own capital at risk. The substantial share purchase may have prompted buying interest from the broader market, driving KIU HUNG INT'L's share price higher.

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