Lingyi iTech (Guangdong) Company (SHE:002600, HKG:1688) Chairman Zeng Fangqin will purchase 18.9 million H-shares through centralized bidding, according to a Saturday filing with the Shenzhen bourse.
Following the purchase, Zeng's stake rose to 52.22% from 51.99%.
The AI hardware component supplier's Hong Kong-traded shares rose 3% during recent trading on Monday.
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