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Meitu ( (HK:1357) ) has issued an announcement.
Meitu, Inc. announced that a substantial shareholder, Mr. Cai Wensheng, has sold 128 million shares, representing 2.81% of the company’s issued share capital. Despite this sale, the company’s founder, chairman, and CEO, Mr. Wu Zeyuan, expressed confidence in Meitu’s future and plans to increase his shareholdings after the blackout period ends in March 2025.
More about Meitu
Meitu, Inc. is a company incorporated in the Cayman Islands, operating in Hong Kong under the name ‘美圖之家’. It is listed on the Hong Kong Stock Exchange and is known for its technology and software services, primarily focusing on image and video processing applications.
YTD Price Performance: 47.81%
Average Trading Volume: 8,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.77B
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