Zhong Sheng Jian, executive chairman and CEO of developer Yanlord Land Group, snapped up nearly 7 million shares over three days last week, spending a total of nearly $8.2 million. That works out to an average price of around $1.17 per share.

On Aug 17, Zhong acquired 3.27 million shares for nearly $3.8 million; the following day he acquired another 1.78 million shares for nearly $2.1 million. On Aug 19, he yet again acquired 1.93 million shares for $2.29 million.

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