Meituan co-founder Wang Xing sold Li Auto’s H-shares for four straight days last week 
COMPANY NEWS STOCKS
Meituan co-founder Wang Xing sold Li Auto’s H-shares for four straight days last week 
COMPANY NEWS STOCKS

Meituan co-founder Wang Xing sold Li Auto’s H-shares for four straight days last week 

 

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Wang Xing, the co-founder and chairman of Chinese food delivery giant Meituan, sold a total of 1.95 million H-shares of Chinese electric vehicle maker Li Auto during the period of September 12 – 15, at prices of Hk$157.84 – HK$160.51, to cash in HK$311 million last week, according to a filing to the Hong Kong Stock Exchange.

After the disposal, Wang, a non-executive director of Li Auto, still holds a 21.79% stake in the firm, down from previous 21.9%, showed the filing.

Li Auto said in response that the transactions were made by Wang as a personal decision and the disposal represents only a fraction of Wang’s total stake in the company and do not involve the stake held by Meituan.