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Tencent reduced its 74.6 million stake in New Oriental Online to 1.58% from 9.04%

via:凤凰网     time:2022/6/20 18:00:31     readed:43

Tencent Holdings sold 74.6 million shares of New Oriental Online on June 15-16, reducing its shareholding from 9.04% to 1.58%, according to Hong Kong Stock Exchange disclosure documents.

It is understood that a few days ago, New Oriental direct broadcast room "Oriental Selection" due to "bilingual live" detonated the network, one day with goods sales also jumped from million level to ten million level, at the same time, New Oriental online stock prices have skyrocketed, a short month rose nearly 10 times. June 8 to June 17, Hong Kong shares of New Oriental Online rose 514.25%.

However, behind the surge, share prices have fallen. On June 17, Shares of New Oriental Online fell sharply and closed down 12.59%. June 20 intraday, New Oriental online decline expanded to as much as 35%.

Related reading:

Ten times cattle new Oriental online drop 20%! A number of foreign capital big "victory escape"

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