Tencent and foreign banks “clearance” to reduce their holdings of New Oriental Online

According to the documents of the Hong Kong Stock Exchange, Tencent Holdings sold 74.6 million shares of New Oriental Online from June 15 to June 16. After the reduction, the shareholding ratio dropped from 9.04% to 1.58%… From June 14th, Morgan Stanley , Citibank, BNP Paribas, Deutsche Bank, Interactive Brokers and many other foreign investors have reduced their holdings of New Oriental Online on rallies. Among them, Morgan Stanley almost “clearance-style reduction”, selling more than 72 million shares in two days. At the same time, southbound funds are increasing their positions.
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