Wu Wallis (alias Li Hua)

Filings by Wu Wallis (alias Li Hua) span 2 companies, the busiest being Central China Real Estate Ltd. and Central China Management Co. Ltd. Between 11 May 2021 and 16 September 2022, the trades on record add up to 44 filings.

The open-market side counts 42 purchases for €1.6M alongside 1 sale for €668k. Purchases outweigh sales by €947k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. 2022 to date brings 7 purchases and no sales.

The median purchase comes to €26k. On 30 out of 42 purchases, another insider of the same company was buying within the same 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. Looking at 42 purchases old enough to measure, the stock rose over the following 90 days in 38% of cases; the median change was -6.6%. This is a record of the past, not a forecast.

The latest filing, published on 19 September 2022, reports an open-market purchase of €23k in Central China Real Estate Ltd. Filings reach the HKEX feed a median of 3 days after the trade. Until a filing is published, the market cannot know about the trade. These figures are compiled from regulatory filings published by HKEX. They describe what insiders did and are not a recommendation.