Changes in Hong Kong stocks | Oriental Selection (01797) fell more than 5% from a monthly high of 40%. CFO Yin Qiang recently reduced his holdings and cashed out more than HK$46 million

The Zhitong Finance App learned that Oriental Selection (01797) has fallen by more than 5%. The stock has continued to decline since October 3. The current stock price has fallen more than 44% from the monthly high. As of press release, it decreased by 5.04% to HK$16.2, with a turnover of HK$159 million.

According to the news, the latest information from the Stock Exchange shows that on October 8, Chief Financial Officer Yin Qiang reduced his holdings of Oriental Selection by 2.1 million shares, at a price of HK$22.026 per share, for a total amount of HK$46.254,600. After the holdings were reduced, the latest number of shares held was about 2.6 million shares, and the latest shareholding ratio was 0.25%. Furthermore, Oriental Selection recently issued a statement saying that recently, there are artificial rumors that Oriental Selection is deliberately seeking someone to discredit Dong Yuhui in order to divert public attention from the family discord of one of the company's anchors. The company refuted this rumor as follows: The family dispute between one of the company's anchors had nothing to do with Dongfang's selection of other colleagues. Since becoming independent with his peers, Dongfang Selection has never participated in any evaluation or discussion of Dong Yuhui, nor has it used any media or individual to evaluate or comment on Dong Yuhui.