Meitu (HKG:1357) Founder, Chairman, and CEO Wu Zeyuan has raised his stake in the company to 12.97% from 12.93%, according to a Friday Hong Kong bourse filing.
Wu purchased 1.6 million shares of the photo and social media app developer in the open market at an average price of HK$4.023 each on July 3.
Meitu's shares rose 4% in recent trade.
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