Hong Kong Exchange filings reveal that PARADISE ENT (01180) Chairman Chen Jie has increased his shareholding over three consecutive trading sessions on September 7, 8, and 9, purchasing a combined total of 1.968 million shares.
The transactions were executed at increasing prices, with 228,000 shares acquired at HK$0.8736 per share on September 7, followed by 424,000 shares at HK$0.9155 per share on September 8, and the largest tranche of 1.316 million shares at HK$0.9299 per share on September 9. These three purchases amounted to an aggregate investment of approximately HK$1.811 million.
Following this series of acquisitions, Chen Jie's total beneficial holding now stands at roughly 753 million shares, representing a 71.6% ownership stake in the company.