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MEITU Substantial Shareholder Cai Wensheng Cuts 128M Shrs; Chair Wu Zeyuan To Add Stake where Appropriate after Black Out Period
Recommend 14 Positive 12 Negative 14 |
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MEITU (01357.HK) announced that a substantial shareholder of the Company, Cai Wensheng, disposed of 128 million shares of the Company between February 17 and February 21 of 2025 held through Longlink Capital, representing approximately 2.81% of the entire issued share capital of the Company. Wu Zeyuan, the Company’s Founder, Chairman and CEO, was confident with the Company’s future business outlook and will further increase his shareholdings in the Company as and when appropriate after the black out period ends on March 18, 2025 (inclusive) following the publication of the Company’s annual results announcement. In addition, the Board noted that Wu has never sold any shares of the Company, and he has been increasing his shareholdings in the Company several times since May 10, 2018 with his latest increase in stake in the Company being on June 18, 2024. AAStocks Financial News |
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