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TYK Medicines CEO Boosts Shareholding; Shares Jump 7%

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TYK Medicines (HKG:2410) Chief Executive Officer Wu Yusheng has bought HK$2.1 million worth of H shares of the company in a recent open market transaction, according to a Thursday Hong Kong bourse filing.

Shares rose nearly 7% in late-morning trade Friday.

The company said Wu bought 635,000 H shares with his personal funds and indicated he would further increase his shareholding if market conditions are favorable.

Wu's additional purchases of the company's shares will be limited to HK$3 million.

What else is happening in Asia?

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