HK-listed Meitu rises as founder states no plan to trim stake
16/09/2026 02:53
BUZZ-HK-listed Meitu rises as founder states no plan to trim stake ** Shares of Meitu Inc 1357.HK climb 2.6% to HK$3.98, their biggest intraday pct gain since September 4
** Meitu, a Chinese online advertising and internet value-added services provider, says founder and Chairman Wu Zeyuan has "no plan or intention to sell any shares" or reduce his shareholding in the company
** Meanwhile, Wu bought 1 million company shares at an average price of HK$3.899 each in the open market on September 15, raising his stake to 595,796,670 shares from 594,796,670, or to 12.99% from 12.97%, Meitu says
** YTD, stock down 44.1%, Hang Seng TECH Index .HSTECH down 22.4%
(Reporting by Donny Kwok)
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