The Zhitong Finance App learned that Bruco (00325) fell by more than 6%, and the cumulative decline since October 22 has exceeded 26%. As of press release, it decreased by 6.38% to HK$51.4, with a turnover of HK$21.833,900.

According to the news, Bruker announced on October 22 that Zhu Weisong, the controlling shareholder, chairman of the board of directors, executive director and CEO, sold 3.849 million shares of the company's shares, which is equivalent to about 1.56% of the company's shares, involving an amount of about HK$251 million. The sale is due to the shareholders' own capital needs and financial arrangements, and is a private matter at the shareholders' level.

Citi pointed out that after reducing its holdings, Zhu Weisong's shareholding fell from 53.59% to 52.03%. It is expected that investor sentiment will be negatively affected in the short term, as the market is concerned about the controlling shareholders' capital needs and is also reminiscent of Haidilao's situation. Currently, Bruker maintains a “buy” rating and a target price of 82 yuan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.