Meitu (HK:1357) has released an update.
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Meitu’s Founder, Chairman, and CEO, Mr. Wu Zeyuan, has increased his stake in the company with an on-market purchase of 1 million shares at an average price of HK$2.48 each. Following the transaction, his total shareholding amounts to 12.69% of the company’s issued capital. Mr. Wu expressed his confidence in Meitu’s future and hinted at the possibility of further increasing his investment in the company.
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