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Major shareholders of Julibao Holdings (08527.HK) reduced their holdings by 40 million shares.
Julibao Holdings (08527.HK) announced that Liu Wanzhen, chairman of the board, executive director and controlling shareholder, informed that it had sold a total of 40 million shares of the company on November 24, accounting for 8 per cent of the total issued share capital. After the sale, Liu Wanzhen's stake was reduced from 51.9 per cent to 43.9 per cent, continuing to be the controlling shareholder, while the buyer will hold 8 per cent. The board of directors believes that the sale of shares by major shareholders will not change the business focus or strategic direction of the company.
Liu Wanzhen, Chairman of the Board and controlling shareholder of Julibao Holdings (08527.HK), sold 40 million shares of the company.
08527.HK announced that the board of directors of the company was informed that Ms. Liu Wanzhen (chairman of the board of directors, executive director and controlling shareholder of the company) had sold a total of 40 million shares in the share capital of the company to the purchaser on November 24, 2021. Upon completion of the sale, the buyer holds 40 million shares (i.e. 8.00% of the total issued share capital of the company). The controlling shareholder will hold 219.5 million shares of the company (that is, the total issued share capital of the company is 43.90%). After the sale, the controlling shareholder of the company remains unchanged. In the opinion of the board of directors, the sale