Linekong Interactive Group Co., Ltd. , mobile game developer and publisher in China, announced that Wang Feng, Chairman, CEO and Executive Director of the Group purchased an aggregate of 572,000 shares in the company, thus increasing his equity interest in Linekong to 20.52% from 20.36%.
Some members of the company’s senior management also increased their shareholdings to show their long-term commitment to the Company and confidence in its prospects. Liao Mingxiang, President and Executive Director of the Group and two other members who are executive directors purchased an aggregate of 47,500 shares. The above purchases were made at an average price of approximately HK$6.876 per share.
The major shareholder and management increased their shareholdings because they were confident about the Company’s sustainable investment value, operations and prospects.
Source: Linekong
