Abbisko Cayman's (HKG:2256) founder, CEO, and chairman, Xu Yao-Chang, acquired 30,000 shares of the company on Tuesday from the secondary market at HK$7.96 apiece.
As a result of the acquisition, Xu now holds 80 million shares, equivalent to an 11.77% stake, in Abbisko, according to a Tuesday bourse filing with the Hong Kong Exchange.
In addition, the drugmaker said it repurchased a total of 4.79 million shares for HK$35 million from March 3 to May 6 as part of its stock buyback plan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.