Utilities
Jianfeng Liu (Senior Officer) purchased US$272,000 worth of stock on Aug 28th at HKD 62.85. This is his first purchase and a reversal from a timely sale of $88,000 just two months ago at HKD 103. It is unusual for insiders not only to make such a quick reversal but also to spend more buying the shares than what they received in a sale. Yusuo Wang (Chair) purchased 1.5m shares on Aug 26th at HKD 65.54, spending $12.8m and increasing his holdings to 370.7m shares. This is also a reversal for Wang, who made timely sales in 2021 at prices >HKD 121, and last bought in Mar 2020 at HKD 65, which also proved very timely. The stock has had a sharp recent decline, yet these are two interesting purchases and reversals.
Edition: 168
- 01 September, 2023