MEITU faced major shareholder reduction, dropping over 13%
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MEITU (1357) major shareholder Cai Wensheng sold 128 million shares through Longlink Capital Ltd from February 17 to 21, 2025, accounting for approximately 2.81% of the issued shares. The company's founder, Eddie Wu, is confident about the future business prospects and plans to increase his holdings after the lock-up period. MEITU's stock price once fell more than 13%, reaching a low of HKD 5.36, and is currently reported at HKD 5.69, a decline of 8.08%
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