SY Holdings Group (HKG:6069) said chairman and controlling shareholder Tung Chi Fung acquired 2.67 million shares on the market on Sept. 3 for over HK$30 million, according to a Sept. 5 Hong Kong bourse filing.

Shares of the digital intelligence firm were down over 2% in Monday late morning trade.

The shares were bought through his entity Wisdom Cosmos at an average price of HK$11.29, with a peak purchase price of HK$11.86.

The transaction increased his stake to 564.6 million shares, or 56.0% of the company's issued capital.

Since listing, Tung has raised his holdings by more than 9 million shares at a total cost exceeding HK$73 million, the company said.

Sufficient public float remains after the purchase, it added.