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It is reported that the major Shareholder of Xiaohongshu is negotiating to sell part of its shares, targeting a valuation of 20 billion USD.
The major shareholder of Xiaohongshu is negotiating to reduce its shareholding based on a valuation of at least $20 billion, with large companies like TENCENT showing interest in taking over. According to informed sources, the investors of Xiaohongshu, GGV Capital, Jinsha River Venture Capital, and TIAN TU CAPITAL are in talks to sell part of their shares. Interested funds include existing shareholders Sequoia China and Hillhouse. One person added that TENCENT is also considering whether to Buy more shares. If the aforementioned Trade is successful, it will push Xiaohongshu's valuation back to the peak level of 2021 and boost its initial public offering (IPO) prospects; the industry estimates that the company could go public as early as this year.
TIAN TU CAPITAL (01973): Su Jiamin appointed as legal representative.
TIAN TU CAPITAL (01973) announced that due to work arrangements, Chen Shiting will no longer serve according to the Hong Kong Stock Exchange Limited...
Tian Tu Capital Announces Board Structure and Leadership
tian tu capital (01973.HK): Yao Jiawen has been nominated as a candidate for non-executive director.
On December 9, Gelonghui reported that tian tu capital (01973.HK) announced that on December 9, 2024, Dai Yongbo requested to resign as a non-executive director and a member of the board of directors' audit committee due to personal work arrangements. His resignation will take effect when a new non-executive director is appointed to fill the vacancy. Yao Jiawen has been nominated as a candidate for non-executive director of the company, but it must be approved by the company's upcoming extraordinary general meeting before it can be finalized.
Tian Tu Capital Co., Ltd.'s (HKG:1973): Top Key Executive Yonghua Wang Is the Most Bullish Insider, and Their Stock Value Gained 25% Last Week
Tian Tu Capital (01973.HK) sold a total of 3.5 million shares of Bai Guo Yuan.
On November 7, Grontech Capital announced that its subsidiary Tian Tu Capital (01973.HK) sold a total of 3,501,500 shares of Pagood Garden on the market on November 7, 2024, at an average price of approximately 1.56 Hong Kong dollars per share, with a total proceeds of approximately 5,466,280 Hong Kong dollars. After the sale, the group holds 90,786,263 shares of Pagood Garden, accounting for approximately 5.7% of Pagood Garden's total issued share capital.
