Greencool: big shareholder sells stocks; lock-up period for rest stake decreased

Greencool Technology (8056) chairman Gu Chu Jun has sold out 80mln shares yesterday but as he is one of management team of the company at initial period, his stake should be locked up for two years. The company has submitted application for exemption and secured exemption approval for 80mln shares. Lock-up period for the rest 100mln shares owned by Gu Chu Jun is decreased to one year as well.

Gu Chu Jun cashed HK$248mln yesterday by selling 800mln shares at HK$3.1 each. Greencool Technology resumed trading this morning.

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