Urban Beauty (02298) rose nearly 6%. As of press release, it was up 5.88% to HK$0.27.
The Zhitong Finance app learned that Urban Beauty (02298) has risen nearly 6%. As of press release, it has risen 5.88% to HK$0.27.
According to the news, the latest data from the Hong Kong Stock Exchange shows that on November 21, Wu Xiaoli, executive director of Urban Beauty, once again increased her shares in the company by 15,000 shares. According to reports, since November 10, Wu Xiaoli has increased her holdings of the company 8 times, increasing her holdings by more than 2.11 million shares this month. The latest number of shares held after the increase is about 800 million shares, and the latest shareholding ratio has risen to 35.58%. According to data, Wu Xiaoli is Zheng Yaonan's spouse, which means they are both acting in concert.
Cheng Yao-nam previously stated at the mid-term results conference that the sinking market is actually the best place for urban beauty to develop and grow. The company began comprehensive reforms last year. By this year, he felt that it had achieved certain results and efficiency, and he believes that the net growth in the second half of the year will be better than in the first half of the year. CICC also pointed out that a total of 800+ stores have signed franchise agreements on the Urban Beauty 1H23 channel, a record high. The profitability and operating capacity of the financial reporting side have improved markedly. The bank is optimistic about the company's determination and results to continue advancing strategic changes.