Core Viewpoint - Mao Geping Cosmetics Co., Ltd. announced a share reduction plan involving the sale of up to 17.2 million H-shares, representing 3.51% of the total issued shares, primarily due to the financial needs of its major shareholders [2][5]. Group 1: Share Reduction Announcement - The controlling shareholders, including Mao Geping and family members, plan to reduce their holdings through block trades within six months from the announcement date [2][5]. - The proceeds from the share reduction will be used for investments in the beauty industry and personal financial needs [2][5]. - The company reassured that this share reduction will not lead to a change in control or significantly impact its governance structure and ongoing operations [2][5]. Group 2: Stock Performance - On January 7, the opening price of Mao Geping's shares was HKD 81.75, closing at HKD 87.95, indicating a potential cash-out of HKD 15.1 billion (approximately RMB 1.36 billion) based on the closing price [2][5]. Group 3: Financial Performance - Mao Geping is set to be listed on the Hong Kong Stock Exchange in October 2024 [3][6]. - For the first half of 2025, the company reported revenue of RMB 2.588 billion, a year-on-year increase of 31.3%, and a net profit of RMB 670 million, up 36.1% [3][6]. - The overall gross margin for the company was reported at 84.2% [3][6].
毛戈平夫妇及其姐弟准备减持股份,套现超 10 亿改善生活和投资