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BlackRock Revises Stake in PDD as 33M Shrs, Instead of 132M+ Shrs
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BlackRock (BLK.US) radically revised down its holdings in the Chinese e-commerce company, Pinduoduo (PDD.US), as of 3Q24, from 132 million shares disclosed on Monday (21st) to 33.01 million shares revised on Tuesday (22nd), and the percentage of shares in Pinduoduo was revised from 9.5% to 2.4%, according to a US Securities and Exchange Commission (SEC) filing. BlackRock trimmed its holdings in Pinduoduo to 29 million shares in 2Q24, representing a 2.1% stake. Pinduoduo's share price rallied 8.3% at one point yesterday, and closed up 2.9% at US$128.51. AAStocks Financial News |
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