Recent data from the Hong Kong Stock Exchange reveals that on July 2nd, Morgan Stanley sold off approximately 4.56 million shares of XPENG-W (09868).
The transaction was executed at an average price of about HK$52.02 per share, resulting in a total deal value of roughly HK$2.37 billion.
Following this divestment, the investment bank's remaining holding in the company stands at around 108 million shares, which equates to a stake of 6.87%.
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