Tianli International's (HKG:1773) Chairman and CEO Luo Shi acquired an additional 1 million ordinary shares in the company on Friday for around HK$2.72 apiece, according to a Friday Hong Kong bourse filing.
The shares, representing around 0.05% of the firm's issued share capital, were purchased from the open market.
Luo now, directly and indirectly, holds over 926.5 million, or 44.32%, shares in the education firm.
Luo has also been granted 30 million share options under an incentive scheme, allowing him to subscribe for the same number of shares in the company. The options are yet to be exercised.
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