Kingsoft’s Chairman Lei Jun Boosts Stake with 1.047 Million Share Purchase at HK$24.29 Each
Deep News
12 hours ago
Recent filings with the Stock Exchange of Hong Kong reveal that on September 14, Chairman Lei Jun acquired an additional 1.047 million shares of Kingsoft (03888) at a price of HK$24.2909 per share. This transaction totaled approximately HK$25.43 million.
Following this acquisition, Lei Jun’s total shareholding in the company has increased to around 382 million shares, representing a 27.77% ownership stake in the technology firm.
The move underscores the chairman’s continued confidence in Kingsoft’s growth prospects amid a dynamic market environment. Investors often view such insider buying as a positive signal, reflecting management’s belief in the company’s long-term 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.