Meitu (HKG:1357) refuted rumors of Chairman and CEO Wu Zeyuan disposing of his shareholding in the company, according to a Tuesday bourse filing.
Instead, Wu increased his stake in the company by acquiring an additional 1 million shares at HK$3.899 apiece on Tuesday, the company said.
Wu's shareholding has now increased to 595.8 million, or 12.99%, shares from 594.8 million shares previously.
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