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Li Auto on Meituan's Wang Xing Shrinking Holdings for 4 Straight Days: Personal Action Not Involving Meituan's Holdings
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MEITUAN-W (03690.HK)'s Wang Xing has reduced his holdings in LI AUTO-W (02015.HK) for four consecutive days. In response, LI AUTO-W told Chinese media that Wang sold shares during the open window period, with the specific number of shares based on the DI form he filed. The carmaker further revealed that this transaction was Wang's personal action involving only a very small portion of his total holdings, while Meituan's holdings were left unaffected. Detailed shareholding information will be confirmed in the company's annual report. According to the Hong Kong Stock Exchange's disclosure of interests, Wang, chairman of MEITUAN-W who is also serving as an non-executive director of LI AUTO-W (02015.HK), slashed his holdings by a total of 5.7357 million LI AUTO-W H-shares from June 10 to 13 at an average price ranging from around HKD109.86 to HKD117.1 per share for around HKD650 million cash. His shareholding percentage dropped to 20.61%. AAStocks Financial News |
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