Opinion Network News: On January 12, Cheung Sil Group disclosed that a company wholly owned by Mr. Li Ka-shing purchased a total of 266,000 shares of Cheung Kong Industrial at an average price of HK$48.4 and HK$49.3373 per share on January 6 and January 10, 2022.
As a result, under the Securities and Futures Ordinance, Li Ka-shing's interest in Cheung Kong Industrial was increased from 46.44% to 46.447%.
Earlier, on 31 December 2021, 3 January 2022 and 4 January 2022, the same wholly owned company owned by Li Ka Shing acquired a total of 680,000 shares at average prices of HK$49.199, HK$49.0283 and HK$49.12 per share.
It is also reported that Cheung Kong Hutchison Industrial Co., Ltd., which is also a subsidiary of Cheung Kong Group, has also repurchased its shares on several occasions, the most recent of which was 100,000 shares on 22 December 2021 for a consideration of approximately HK$4.95 million.
Since March 2021, Cheung Kong Hutchison has repurchased the company's shares 57 times, with a total of 21,706,000 shares and a total of HK$1.238 billion.
This article originated from the viewpoint real estate network
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