HK Stock Market Move | 3SBIO (01530) rose by over 7%, with the chairman increasing holding by approximately HK$7.8688 million.
Sansei Pharmaceutical (01530) surged by more than 7%, as of the time of writing, it has increased by 6.81%, trading at 16.46 Hong Kong dollars, with a turnover of 543 million Hong Kong dollars.
3SBIO (01530) rose more than 7%, as of the time of writing, it increased by 6.81% to HK$16.46, with a turnover of HK$543 million.
On the news front, the latest data from the Hong Kong Stock Exchange shows that on June 8th, Chairman and CEO Lou Jing increased his holdings of 3SBIO by 516,000 shares, priced at HK$15.2497 per share, for a total amount of approximately HK$7.8688 million. After the increase, the latest number of shares held is approximately 534 million, with a latest shareholding ratio of 21.03%. China Post Securities previously pointed out that the company owns several cash cow varieties such as Tobi Australian, providing momentum for research and development innovation. The 707 authorization has been implemented, which not only increases the company's profits but also reduces the risk exposure in expanding into global markets.
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