Lei Jun Invests Nearly 5 Billion HKD, Boosting Stake in Kingsoft to 26.18% Over Seven Consecutive Days

Deep News

Jun 26

Xiaomi's CEO Lei Jun has continued to increase his holdings in KINGSOFT (03888.HK).

Disclosures on the Hong Kong Stock Exchange's interest disclosure platform reveal that Lei Jun purchased shares of KINGSOFT on June 16th, 17th, 18th, 22nd, 23rd, 24th, and 25th. The transactions involved 168.6 thousand, 159.8 thousand, 5 million, 46.9 thousand, 6 million, 459.2 thousand, and 6 million shares, respectively.

The average purchase prices for these days were approximately HK$22.9955, HK$23, HK$22.5727, HK$22.3266, HK$22.1052, HK$21.7183, and HK$21.7913. The total investment across these seven trading days amounted to roughly HK$4.94 billion.

Following these consecutive purchases, Lei Jun's ownership stake in KINGSOFT has now reached 26.18%.

As of the midday trading session on June 26th, shares of KINGSOFT were trading at HK$22, marking an increase of 1.48%. The company's total market capitalization stands at HK$304 billion.

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