HK Stock Market Move | "A-shares collectively fell, Junshi Bio (01877) fell by over 7% during trading hours, recently faced over 7.39 million A-shares being reduced by multiple shareholders."

JUNSHI BIO (01877) A-shares and H-shares both fell, with H-shares dropping by over 7% midday, down 7.34% at the time of writing to 13.38 Hong Kong dollars, with a trading volume of 19.267 million Hong Kong dollars. In terms of news, JUNSHI BIO announced that between October 23 and November 12 this year, shareholders holding more than 5% of the company, Shanghai Tan Ying and Shanghai Tan Zheng, collectively reduced their holdings in the company by 7.3926 million A-shares through centralized competitive bidding, accounting for 0.75% of the total share capital of the company. As of yesterday (12th), this reduction plan has been fully implemented. It was disclosed that prior to the implementation of this share reduction plan, Shanghai Tan Ying and Shanghai Tan Zheng collectively held 78.852 million A-shares of JUNSHI BIO, accounting for 8% of the total share capital of the company.