Rui Life Insurance raised its holdings in China Tourism Group Duty-Free (SHA:601888, HKG:1880) to 5%, according to a disclosure on the Hong Kong Stock Exchange.
The insurer acquired 151,900 shares for HK$54.6 apiece, bringing its shares to about 5.8 million shares.
Rui Life previously held 4.87% of the duty free company, Yicai Global reported Aug. 13.
Shares of the company rose more than 1% on the Shanghai bourse.
Price (HKD): $64.12, Change: $+0.88, Percent Change: +1.39%
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