When the Hong Kong stock market has soared for a long time, the co -founder of Meituan reduced its holdings of the company's stock.
Comprehensive Sing Tao.com and surging news reports, the information disclosed by the Hong Kong Stock Exchange on Thursday (October 3) shows that Mu Rongjun, co -founder, executive director and senior vice president of Meituan, September 30The average price of HK $ 171.8055 (S $ 28.7) per share was reduced by 2 million shares, cash out about 344 million Hong Kong dollars.
After reducing holdings, Mu Rongju's shareholding ratio decreased from 1.06%to 1.02%, and the number of holdings was about 56.31 million shares.
On the same day of Mu Rongjun's reduction in holdings, Meituan issued an announcement that the company's employees and directors exercised about 560,000 shares of equity in accordance with the first public offering employee shares incentive plan.
The analysis of the Chinese media Geonhui believes that Mu Rong's reduction may be related to this transaction.The shareholding shares held by executives are part of the company's shares incentive plan before listing. According to regulations, the equity incentives before the first public offering must be exercised near the expiration, and shares are sold from the open capital market to withdraw.
Meituan was listed on the Hong Kong Stock Exchange in September 2018. The options granted before listing are approaching.Analysts said that the options of this transaction should be a long -term grant. It should be the first exercise of Mu Rongjun's self -awarding.It does not involve any attitude towards the company's future, and the market does not have to interpret too much.
As of Friday (October 4) at 11 am, Meituan's stock price fell 3.7%, and then reversed the decline by 2.73%
