Picture: Major shareholders of Cheung Kong New Land have increased their holdings
Since it was reported that local real estate developers must cooperate to solve the land problem, the stock prices of local real estate stocks first fell sharply and then rebounded. Xie Mingguang, managing director of Yongyu Securities, pointed out that the stock prices of large real estate stocks If there is an unreasonable decline, most major shareholders will increase their holdings. In fact, since last Friday, both Cheung Kong Holdings (01113) and SHKP (00016) have increased their holdings by major shareholders.
Li Ka-shing and Li Zeju, father and son of Cheung Kong, have been increasing their shareholdings in consecutive months. However, after the negative news came out, the number of shares increased significantly. According to data from the Stock Exchange, for four consecutive trading days from the 15th to the 20th of this month, Li Ka-shing totaled Bought 2.748 million shares of Cheung Kong shares, involving an investment of approximately 123 million yuan. More than 40% of the shares were purchased when the stock price plummeted on Monday.
In addition, the SHKP Kwok family also increased its shareholding through family funds. On Monday, it spent about 690 million yuan to buy 7.24 million shares of SHKP. The average entry price per share was 94.7981 yuan, which was similar to Monday's low of 94.5 yuan. SHKP Group Chairman Kwok Bing Lian and Kwok Bing Jiang's son Kwok Kee Fai also increased their stakes. The former spent about 140 million yuan to buy 1.5 million shares, with an average entry price of 94.7981 yuan, while the latter bought 230,000 shares for nearly 22 million yuan, with an average price of 94.7981 yuan. The entry price is 95.0463 yuan. In addition, Kwong Siu-ching, the widow of Kwok Tak-sheng of the Kwok family, the major shareholder of SHKP, also increased her holdings of SHKP shares on Monday, with investment amounting to NT$686 million.
Huang Zhixiang, chairman of Sino Land (00083), spent a total of about 3.44 million yuan to buy 324,000 Sino Land shares from September 14 to September 20, with an average entry price of about 10.618 yuan.
