CFO takes profits in Xtep International (1368.HK) on 16% price fall
CFO Eleutherius Ho Yui Pok took profits on the 1.31 million shares that he acquired in sportswear designer and manufacturer Xtep International Holdings Ltd. (1368.HK) [MKT CAP 8.1B] via options from September 29 to 30 at $2.35 each. He sold those shares in the same period at an average of $3.71 each [AI SCORE 3.0], which reduced his holdings by 20% to 5.089 million shares or 0.23% of the issued capital. The disposals were made on the back of the 16% drop in the share price since 2H April from $4.42. He previously sold 2 million shares in January via options-related sales at $3.95 to $3.78 each or an average of $3.85 each and 2 million shares in November 2015 at an average of $4.69 each. Prior to his disposals since November 2015, Mr. Ho acquired 100,000 shares in August 2015 at $2.93 each and 300,000 shares in July 2015 at $2.30 each. Mr. Ho was appointed to the Board in March 2010. The Company announced its 1H results on August 22 with profit attributable to shareholders up by 10.6% to RMB 380.066 million for the 6 months to 30 June 2016. The stock was trading at $3.65 on October 6 (Asia Insider News Oct 5, 2016).
The content on this site, including news alerts, quotes, data and other information, is provided by Asia Insider Limited and its third party content provider for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.
Asia-insider.com does not provide investment advice nor recommendations to buy or sell securities. We do not request personal information in any unsolicited email correspondence with our customers. Any correspondence offering trading advice or unsolicited message asking for personal details should be treated as false and reported to firstname.lastname@example.org.
Neither Asia Insider Limited nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. ASIA INSIDER LIMITED EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF ANY THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.
Although Asia Insider Limited makes reasonable efforts to obtain reliable content from third parties, Asia Insider Limited does not guarantee the accuracy of or endorse the views or opinions given by any third party content provider. This site may point to other Internet sites that may be of interest to you, however Asia Insider Limited does not endorse or take responsibility for the content on such other sites.
Asia Insider News Alerts
Whilst Asia Insider Limited has used reasonable endeavours to ensure that the information provided by Asia Insider in its news alerts are accurate and up to date as at the time of issue, it reserves the right to make corrections and does not warrant that it is accurate or complete. News will change with time. Asia Insider Limited hereby disclaims all liability to the maximum extent permitted by law in relation to the news alerts and does not give any warranties (including any statutory ones) in relation to the news. This is a free service and therefore you agree by receiving any new alert(s) that this disclaimer is reasonable. Any copying, redistribution or republication of Asia Insider news alert(s), or the content thereof, for commercial gain is strictly prohibited.
Third Party Legal Notices
The HK, Singapore and Australian Substantial Shareholder filings and Company buyback transactions are the copyright of The Stock Exchange of HK Limited, Monetary Authority of Singapore and The Australian Stock Exchange, respectively. It endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from inaccuracies or omissions.
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Asia Insider content, including by framing or similar means, is expressly prohibited without the prior written consent of Asia Insider Limited. The Asia Insider logo is a registered trademark of Asia Insider Limited.