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Sinobioway: Founder Yu Dechao reduces holdings of approximately HKD 152 million in stocks
On October 4th, Jinshi Data reported that according to data released by the Hong Kong Stock Exchange today (October 4th), Yu Dechao, the founder, executive director, chairman of the board and CEO of Xinda Biology (01801.HK), collectively reduced his holdings by 3.25 million shares on September 30th and October 2nd, with a total amount of approximately HKD 152 million. After the reduction, Yu Dechao’s shareholding ratio decreased from 7.90% to 7.70%, and the number of shares held decreased to approximately 125.97 million shares.