Stock Track | WEIMOB INC Plummets 5.85% as Tencent Reduces Stake

Stock Track

Jan 13

WEIMOB INC, a software-as-a-service company, saw its stock price plummet by 5.85% during the intraday trading session on Monday. This sharp decline can be attributed to Tencent, a major shareholder, significantly reducing its stake in the company.

According to a filing with the Hong Kong Exchange, Tencent sold an aggregate of 184,020,000 shares, or 5.45%, in WEIMOB INC on January 3 and January 6. After this transaction, Tencent now holds only 99,170,461 shares, or 2.94% of the shares, in the SaaS company.

The substantial reduction in Tencent's shareholding appears to have sparked concerns among investors, leading to the significant sell-off and the 5.85% plunge in WEIMOB INC's stock price during the intraday trading session.

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This sharp decline can be attributed to Tencent, a major shareholder, significantly reducing its stake in the company.</p>\n\n<p>According to a filing with the Hong Kong Exchange, Tencent sold an aggregate of 184,020,000 shares, or 5.45%, in WEIMOB INC on January 3 and January 6. After this transaction, Tencent now holds only 99,170,461 shares, or 2.94% of the shares, in the SaaS company.</p>\n\n<p>The substantial reduction in Tencent's shareholding appears to have sparked concerns among investors, leading to the significant sell-off and the 5.85% plunge in WEIMOB INC's stock price during the intraday trading session.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02013","symbol_name":"微盟集团","start_time":0,"source_url":"","article_id":"1166155506","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166155506","pubTimestamp":1736740102,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"WEIMOB INC, a software-as-a-service company, saw its stock price plummet by 5.85% during the intraday trading session on Monday. 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