According to a research report published by Citigroup, Bruko Holdings shareholder, chairman of the board of directors, executive director and CEO Zhu Weisong sold about 3.849 million shares at HK$65.28 per share, which is equivalent to about 1.56% of the company's shares. The price was discounted by about 6% from the closing price on October 21, and cashed out over HK$250 million. Proceeds are used to meet the controlling shareholders' own capital needs and financial arrangements, and are unrelated to Bruker's business. After the holdings were reduced, Zhu Weisong's shareholding fell from 53.59% to 52.03%. The bank expects investor sentiment to be negatively affected in the short term, as the market is concerned about the controlling shareholders' capital needs and is reminiscent of Haidilao's situation. The bank maintains Bruker's “buy” rating and target price of HK$82.

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