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Stock Movement | Mao Geping previously dropped nearly 17%, shareholders plan to sell shares
Mao Geping (01318) shareholders plan to sell shares, causing the stock price to plummet, dropping nearly 17% at one point to a low of 55.4 HKD, then the decline narrowed.
As of 10:25 a.m., it was reported at 62 HKD, down 7%, with a turnover of 870 million HKD.
According to terms seen by Bloomberg, company shareholders Ding Tao and Xu Kejun plan to sell 9.87 million shares through Morgan Stanley at a price of 63.3 to 65 HKD per share, realizing approximately 625 million to 641 million HKD.