111 (YI) said Friday its co-founders Gang Yu and Junling Liu have started purchasing additional company shares using personal funds, with plans to continue buying in the open market.
The exact timing of the purchases and the number of American depositary shares to be acquired were not disclosed.
The co-founders currently own a 42.7% stake in the company, 111 said.
Shares of the company were up 6% in recent premarket activity.
Price: 0.6495, Change: +0.04, Percent Change: +6.13
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.
Comments