Fenbi (HKG:2469) said Zhang Xiaolong, its substantial shareholder and chief executive, bought 810,000 shares of the company from the open market, according to a Hong Kong bourse filing Monday.
The executive paid HK$2.4 millon for the shares, representing an average price of HK$2.973 apiece.
The transaction increased Zhang's shareholding from 24.65% of the business to 24.69%, the vocational training company said.
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