Jack Ma's YF Capital Declares Stake Cut in BRII-B, Pocketing Over $87M

$BABA-SW(09988.HK)$ Founder Jack Ma's YF Capital III declared that on 8 July 2022 and 31 January 2023, it reduced its holdings of $BRII-B(02137.HK)$ on market by a total of 8.1595 million shares, cashing in about $87.39 million, according to the Hong Kong Stock Exchange. As such, its shareholding in BRII was trimmed from 7.4% to 5.93%.

YF Capital III is held by Jack Ma and $YUNFENG FIN(00376.HK)$ 's Chairman Yu Feng, who hold 40% and 60% of the fund respectively.