Siu Fai Ng, chairman of Jinhui Shipping and Transportation, has added to his holding in the Hong Kong-based bulker owner.
He has purchased 21,943 shares at a price of NOK 7.81 each or NOK 171,375 ($20,053) in total.
Following the acquisition, the direct stake held by Ng and his wife stands at 4,810,563 shares, equivalent to 4.4% of the company's outstanding share capital.
Shares in the shipowner were trading on Wednesday at a price of NOK 7.95 each at 10.45am in Oslo.
This is the second time this year that Ng has raised his stake in Jinhui, following his purchase of 6,947 shares in January.
Previous to that, the last time Ng bought Jinhui's securities was during a rights offering completed in July 2017.
Ng also holds indirect stakes in the shipowner through his majority shareholding in Jinhui Holdings, of which he is also chairman, and in Fairline Consultants.
Both companies are majority shareholders in Jinhui Shipping.
Jinhui posted net profit of $8.7m for the full year 2018, boosted by a net gain of $5.4m from the sale of four bulkers during the period.
However, revenues were impacted during the fourth quarter last year due to its reduced fleet of 18 vessels, of which 14 are supramaxes.
