BUZZ-HK-listed Meitu falls on key shareholder's 2.8% stake sale

Reuters

2025/02/25

** Hong Kong-listed Meitu 1357.HK slides as much as 13.4% to HK$5.36, lowest since February 17

** Stock last down 7.9%; set for biggest one-day pct drop since October 9, 2024

** Chinese online advertising and internet value-added services provider says substantial shareholder Cai Wensheng disposed 128 mln shares, or 2.81% of issued share capital, between February 17-21

** Meitu's founder and CEO Wu Zeyuan says he is confident with co's business outlook and will further increase his shareholdings when appropriate after the black out period ends on March 18

** Stock up 96% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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