On September 15, BOSS ZHIPIN-W declined 3.25% in regular trading, trading at HK$61.05/share, with turnover of HK$2.224 billion.
On the news front, the company faced dual headwinds from insider selling and share dilution. Director and Chief Marketing Officer Chen Xu exercised options on 200,000 Class A ordinary shares on September 10 and sold the same number of shares on the same day at US$8.15 per share, cashing out approximately US$1.63 million. Additionally, shareholder Techwolf Limited announced plans to sell 192,000 American Depositary Shares valued at approximately US$3.09 million. Compounding the selling pressure, the company recently issued a total of 3.6417 million new shares following the exercise of share options, further expanding near-term share supply and intensifying dilution concerns among investors.
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