Gronghui, which temporarily suspended trading after falling more than 21 per cent yesterday, rebounded 10 per cent to HK $0.033 after resuming trading on May 13. Baoxin Financial announced last night that the board of directors had been further informed by Yao Jianhui, chairman and CEO of the company, that the company wholly owned by Yao Jianhui and its controlling shareholder, Baoxindai, had sold 5.36 billion shares of the company on the open market on May 12, 2022, accounting for about 17.08 per cent of the total issued shares of the company. Mr Yiu also informed the company that the proceeds from the further sale were intended to be used to repay a loan from a company (not a group) controlled by him to a financial institution.
港股异动丨宝新金融复牌反弹10% 惟控股股东进一步大手笔减持
The resumption of trading in Hong Kong shares has rebounded by 10%, but the controlling shareholders have further reduced their holdings.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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