China's Meituan drops as shareholder cuts long positions, JD Health down

JD Health International

04/05/2022 03:55

** Shares of China's Meituan  3690.HK  fall 4.6% to
HK$164.40 - set to post their biggest daily pct decline since
April 21, if losses hold
    ** Stock down after five straight sessions of gain;
second-biggest pct decliner in the Hang Seng Index  .HSI  and in
the Hang Seng Commerce & Industry Index  .HSNC , and
third-biggest decliner in the Hang Seng Tech Index  .HSTECH 
    ** Sequoia Capital China's founder, Shen Nanpeng, sold a
combined 42.96 mln shares of Meituan on April 27 and 29,
reducing his long position in the food delivery giant to 3.19%
from 3.98%, according to HKEx filings  urn:newsml:reuters.com:*:nP8N2WR02V
    ** Shares of JD Health International  6618.HK  drop as much
as 9.8% - set to mark worst day since March 25, if losses hold
    ** JD.com founder Richard Liu reduced his long position in
the internet healthcare service provider to 68.66% from 68.94%
 urn:newsml:reuters.com:*:nP8N2WR02X
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.7% and the Hang Seng Tech Index  .HSTECH  drops 1.8%
    ** The Hang Seng Composite Index  .HSCI  slips 0.9% and the 
benchmark Hang Seng Index  .HSI  eases 0.7%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))