China Medical Systems executive vice president Chen Hongbin spent £33,000 on shares in the company on June 18, the pharmaceutical company announced today.
He bought 30,000 shares at 110p a time and now has around 2.06m shares, which is about 4.35% of the company. The purchase came after he bought 20,000 shares at the same price the previous day.
The share price has rallied since May, when Chen bought 7,500 shares at 95p each. The company's shares were trading at around 150p at the beginning of the year.
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China Medical, whose drugs include an injection to treat patients who have overdosed on opium, reported record sales of $51.7m in 2007. Pre-tax profits rose to $10.3m from $5.4m the previous year.
Top Director Buys
RM Group (RM.)
Director name: Mr Timothy Pearson
Amount purchased: 17,957 @ 196.20p
Value: £35,232
China Medical System Holdings (CMSH)
Director name: Mr Hongbing Chen
Amount purchased: 30,000 @ 110.00p
Value: £33,000
Asset Man IT (AMN)
Director name: Mr George A Robb
Amount purchased: 26,000 @ 121.50p
Value: £31,590
Canaccord Capital (CCI)
Director name: Dr Dr Michael Angus Walker
Amount purchased: 5,611 @ 441.06p
Value: £24,748
Newfound (NFND)
Director name: Mr John Morgan
Amount purchased: 250,000 @ 9.00p
Value: £22,500
Top Director Sells
Asset Man IT (AMN)
Director name: Mr George A Robb
Amount sold: 108,000 @ 121.50p
Value: £131,220
RM Group (RM.)
Director name: Mr Rob Sirs
Amount sold: 50,000 @ 195.40p
Value: £97,700
RM Group (RM.)
Director name: Mr Timothy Pearson
Amount sold: 18,300 @ 195.40p
Value: £35,758
Asset Man IT (AMN)
Director name: Mr George A Robb
Amount sold: 26,000 @ 121.50p
Value: £31,590
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