Chinasoft International (HKG:0354) said its major shareholder and chairman Chen Yuhong bought 3 million shares of the company from the open market, according to a Monday filing with the Hong Kong bourse.
Chen bought the shares on June 8 for an average price of HK$4.022, or HK$12.1 million in total.
The shares bought represent 0.11% of the company's issued share capital and bumped Chen's ownership to 12.01% of the business.
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