Kiu Hung International's (HKG:0381) chairman Yang Ling and co-chairman Li Lizhong increased their stakeholding in the firm on Monday, a Thursday bourse filing said.
Yang bought 10 million, or 1.3%, shares in the toy manufacturer for HK$0.78 per share, while Li acquired 42 million, or 5.3%, shares for the same price.
Following the acquisitions, Li holds a total of 56 million shares in the firm, representing around 7.1% of its issued share capital.
Shares of the company closed 25% higher on Thursday.
Price (HKD): $1.85, Change: $+0.37, Percent Change: +25.00%
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