Fidelity Funds Trims Stake in Muyuan Foods with HK$19.4 Million Share Sale
Deep News
Yesterday
Hong Kong Exchange disclosures reveal that on September 14, Fidelity Funds reduced its holdings in MUYUAN (02714) by 515,100 shares, transacting at HK$37.6696 per share. The total value of this disposal amounted to approximately HK$19.40 million.
Following the reduction, Fidelity Funds retains a total of 18.213 million shares in the company, representing 5.87% of the outstanding share capital.
The updated shareholding position reflects a strategic adjustment by the fund manager amid ongoing market conditions, with the latest stake now slightly below the 6% threshold.
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