Wanka Online's (HKG:1762) chairman and a substantial shareholder, Gao Dinan, acquired an additional 3 million shares in the firm on Tuesday, according to a same-day Hong Kong bourse filing.
The shares were purchased through Wanka Media, which is wholly owned by Gao, for HK$1.26 apiece.
Gao now holds over 427.5 million, or 21.9%, shares in the mobile advertising company.