Hong Kong's richest man, Li Ka -shing, reduced its holdings of HK $ 120 million (about S $ 20 million) stocks on Thursday (May 11).

According to the Hong Kong News Agency, the latest information of the Hong Kong Stock Exchange on Thursday shows that the Li Ka -shing Foundation will reduce the post -sale bank of 22.493 million H shares, with a price of HK $ 5.43 per share, with a total amount of about 122 million Hong Kong dollars.After the reduction of the Li Jiacheng Foundation, H -shares held by the postal savings bank from 2.03 billion shares to 1.980 billion shares, and the shareholding ratio decreased from 10.08%to 9.97%.

After the news came out, on May 11, the postal savings bank fell slightly by 0.58%to close HK $ 5.16, with a market value of 511.67 billion Hong Kong dollars.

For Li Ka -shing's reduction in this time, the relevant person in the postal savings bank investor relationship management told Peng Mei News that the Li Ka -shing Foundation has always maintained a good relationship with the postal savings bank.There is no opinion in development.The foundation was established to promote charity public welfare projects, and all investment income was used for charity use. This foundation's reduction of postal bank shares is a daily financial arrangement.

Li Ka -shing also reduced the postal savings bank last year.The equity disclosure of the Hong Kong Stock Exchange shows that the Li Ka -shing Foundation reduced the H -shares of 50,000 postal savings banks on the venue on September 29, 2022. The average price per share was HK $ 4.71, involving approximately HK $ 235,500.After reducing his holdings, the Li Ka -shing Foundation's holdings of postal savings banks fell to 2.184 billion shares.This is the first time that the Li Ka -shing Foundation has disclosed to reduce the postal savings bank.

The postaluming bank was restructured as a joint -stock company in January 2012. In December 2015, ten domestic and foreign strategic investors were introduced.The world's largest IPO.