Tianli Chair Boosts Stake as Tianli International Launches On-Market Share Buyback
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Tianli International Holdings Limited (HK:1773) announced that its chairman, Luo Shi, acquired 3.8 million shares at HK$2.64 each, increasing his control to 44.64% of the company. The firm also repurchased 200,000 shares, indicating confidence in its business outlook. These actions aim to enhance shareholder value while complying with Hong Kong's public float requirements. Tianli is a Hong Kong-listed company with operations in the PRC, led by Luo Shi, and has a market cap of HK$5.56 billion.
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