Mao Geping shares rise as execs plan stock sale
Shares of Mao Geping Cosmetics rose over 6% on January 7, following an announcement that several executive directors plan to sell holdings. Founder Mao Geping and five other directors intend to sell up to 17.2 million shares, representing 3.51% of total issued shares, over six months. Based on recent share prices, the sale could total approximately HK$1.44 billion ($185 million). Proceeds will be used for beauty industry investments and personal financial needs. Listed in Hong Kong in December 2024, MGP operates over 400 beauty counters across China.