On May 22, Mao Geping rose 5.3% in regular trading, trading at 60.5 HKD/share, with trading volume of approximately 65.08 million HKD. The rebound comes as the market gradually recovers from the selling pressure triggered by a major shareholder placement one week earlier.
On May 15, shareholders Ding Tao and Xu Kejun placed 9.87 million shares through J.P. Morgan at a price range of 63.3 to 65 HKD per share, representing a discount of approximately 2.5% to 5% versus the prior closing price. The placement, totaling around 625 million HKD in proceeds, sent shares plunging nearly 17% intraday on that day, marking the largest single-day decline since the company listed on the Hong Kong Stock Exchange. Both shareholders are nephews of founder Mao Geping and had previously disclosed a reduction plan in January covering up to 17.2 million shares within six months.
After several trading sessions of digestion, market sentiment has stabilized. The company reported full-year revenue of 5.05 billion RMB and net profit of 1.205 billion RMB for fiscal year 2025, representing year-over-year growth of 30% and 37% respectively.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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