China’s Bosideng Shares Drop 15% After Billionaire Chairman Cuts Stake

Shares in China’s biggest home-grown down jacket maker Bosideng International plunged by more than 15% at the Hong Kong Stock Exchange on Wednesday after the company said billionaire chairman Gao Dekang would lower his holdings in the business. Gao agreed to sell 400 million shares at a price of HK$4.31 in a block trade with

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