Wang Xing reduced his ideal car: cashing out HK $420 million in half a month

CTOnews.com April 4 news, According to the Hong Kong Stock Exchange disclosed documents show, Ideal car director, Meituan co-founder Wang Xing in March 20 to March 30 several times to reduce ideal car shares, A total of 309.6 million Hong Kong dollars in Hong Kong shares, In the United States shares reduced 14.07 million dollars, A total of about 420 million Hong Kong dollars.

After completing this series of reductions, Wang Xing's shareholding ratio dropped to 22.35%, but still ranked as the largest external shareholder of ideal automobile.

On WangXing reduce ideal car shares, Ideal car related personage on April 4 response Shanghai Stock Exchange reporter said, WangXing this trading stock for personal behavior, Trading accounted for a small part of his total shareholding ratio, Does not involve Meituan shareholding part.

CTOnews.com noted that not long ago Ideal Car disclosed delivery data for March this year, delivering 20,800 new vehicles in March this year, again achieving a monthly delivery of more than 20,000 vehicles, an increase of 88.7% year-on-year. The cumulative delivery of 52,600 vehicles in the first quarter increased by 65.8% year-on-year. As of March 31 this year, the cumulative delivery of ideal cars reached 309,900.