Pateo Connect Technology (HKG:2889) CFO Zhang Fukai and director Lai Weilin have increased their stake in the company through open-market share purchases worth 4.6 million yuan, according to a Tuesday filing with the bourse.
The company said Zhang picked up an additional 40,760 H shares at HK$83.60 apiece, bringing his total to 128,848 H shares. Lai bought 21,860 H shares at HK$82.89 apiece, and now owns 80,008 H shares.
The executives bought additional shares based on the company's future growth prospects, as the current trading price didn't reflect the intrinsic value.
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.