Tianli International (HKG:1773) said Chairman and Chief Executive Luo Shi purchased 3.8 million shares on the open market on Feb. 20 at an average price of about HK$2.64 apiece, according to a same-day Hong Kong bourse filing.

The shares represent about 0.18% of the company's issued share capital.

Following the purchase, Luo holds about 932.8 million shares, or roughly 44.6% of the issued shares excluding treasury shares.

Luo has also been granted 30 million share options under the company's share option scheme, none of which have been exercised.