Tianli International (HKG:1773) said Chairman and Chief Executive Luo Shi purchased 1.2 million shares on the open market on Feb. 3 and Feb. 4, representing about 0.06% of its issued share capital, according to a Wednesday Hong Kong bourse filing.

The shares were acquired at average prices of about HK$2.52 and HK$2.64 per share.

Following the purchases, Luo directly and indirectly holds about 924.5 million shares, or 44.21% of the company's issued shares, excluding treasury and repurchased shares.

Separately, the company repurchased 400,000 shares, or about 0.019% of its issued share capital, on the market during the same period. The shares will be held as treasury stock, the filing said.