Property tycoon Lee Shau-kee offloads another HK$75m worth of shares in Henderson Land

The buying remained high while the selling among directors rose for the second straight week based on filings on the Hong Kong exchange from December 18 to 22.

A total of 58 companies recorded 327 purchases worth HK$1.25 billion (US$160.6 million) versus 13 companies with 47 disposals worth HK$322 million. The number of firms on the buying side fell compared with the previous week’s 67 firms while the number of purchases was slightly down from 354 purchases. The buy value was sharply up from the previous week’s acquisitions worth HK$595 million.

The selling, on the other hand, was up from the previous week’s eight companies, 35 disposals and HK$300 million. The huge sales value was again because of tycoon Lee Shau-kee as he unloaded a further HK$75.5 million worth of shares of Henderson Land Development last week at an average of HK$49.89 each. That brought his total sales in the company this month to HK$518 million. Aside from Henderson Land, the tycoon sold 4.4 million shares of Henderson Investment last week at HK$0.66 each.

The sales by the property magnate in Henderson Land and Henderson Investment this month were his first disposals in these two companies based on filings on the exchange since 1993.

Meanwhile, the buy-back activity rebounded with 32 companies that posted 156 repurchases worth HK$484 million based on filings from December 15 to 21.

The number of firms was consistent with the previous five-day totals of 31 companies while the number of trades and value were sharply up from the previous week’s 129 repurchases worth HK$257 million.