Purchase of GigaMedia Shares by CEO Cheng-Ming Huang
On September 25, 2020, GigaMedia Limited (NASDAQ: GIGM) announced that CEO Cheng-Ming Huang purchased 21,570 shares of the company's stock at an average price of $2.8879 on September 22 and 23, 2020.
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Rhea-AI Summary
On September 25, 2020, GigaMedia Limited (NASDAQ: GIGM) announced that CEO Cheng-Ming Huang purchased 21,570 shares of the company's stock at an average price of $2.8879 on September 22 and 23, 2020. This purchase, made through Pacific Star Universal Group Ltd., complies with all legal and company guidelines. Post-purchase, Huang holds a total of 1,073,566 shares, equating to approximately 9.71% ownership in GigaMedia.
Positive
- CEO Cheng-Ming Huang's stock purchase demonstrates confidence in GigaMedia's future.
- Huang now owns around 9.71% of the company, indicating substantial personal investment.
Negative
- None.
Details
News Market Reaction – GIGM
The recorded move for GIGM in the trading session of this news was -3.72%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAIPEI, Sept. 25, 2020 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced that its Chief Executive Officer Cheng-Ming Huang a.k.a. James Huang has purchased a total of 21,570 shares of GigaMedia stock by Pacific Star Universal Group Ltd. at an average price of
Mr. Cheng-Ming Huang now holds a total of 1,073,566 shares, an ownership of around
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw.
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2020.
View original content:http://www.prnewswire.com/news-releases/purchase-of-gigamedia-shares-by-ceo-cheng-ming-huang-301138386.html
SOURCE GigaMedia Limited
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