STOCKS | JD.com Cuts Yunzhisheng Stake Below 5% After HK$35.53 Million Sale

JD.com (9618) said its unit JD International sold 473,500 shares of Yunzhisheng Intelligent Technology (9678) in an on-market transaction on July 3 at an average price of HK$75.0336 per share, cashing in about HK$35.53 million, according to Ming Pao. After the disposal, JD.com’s stake in Yunzhisheng fell to 3.97% from 5.02%, a decrease of 1.05 percentage points, taking its holding below the 5% disclosure threshold.