Tianli International's (HKG:1773) chairman and CEO, Luo Shi, purchased over 1 million ordinary shares in the firm for HK$2.39 apiece on Jan. 2, according to a same-day Hong Kong bourse filing.
Shares of the education firm were down nearly 2% in Monday afternoon trading.
The shares, acquired from the open market, represent roughly 0.05% of the firm's issued share capital.
Following the purchase, Luo holds nearly 911.5 million shares, or 43.51% of the company.
Luo has also been granted 30 million share options to subscribe for the same number of shares, none of which have been exercised to date.
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