Ideal Auto responds to Meituan CEO Wang Xing's reduction of company shares: It is a personal act and does not involve Meituan's shareholding
2025-06-17 17:16:13

According to the Hong Kong Stock Exchange's equity disclosure information, from June 10 to June 13, Meituan CEO Wang Xing sold a total of 5.737 million shares of Ideal Auto, cashing out a total of more than HK$600 million, and his shareholding ratio dropped from 20.94% to 20.61%. In this regard, Ideal Auto told reporters: "Recently, Wang Xing sold stocks during the window period. The specific number of shares is subject to the DI form (disclosure of equity form) filed by Wang Xing. This stock transaction is a personal behavior, and the transaction accounts for a very small proportion of his total shareholding, and does not involve Meituan's shareholding. The specific shareholding information will be based on the company's annual report after it is issued."
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