Fidelity Funds Trims Stake in Yongda Auto by 1.57 Million Shares at HK$2.15 Per Share

Market Watcher

Jul 16, 2025

Hong Kong Stock Exchange filings revealed that on July 10, Fidelity Funds reduced its position in Yongda Auto (03669.HK), offloading 1.5715 million shares at HK$2.1534 apiece. The transaction totaled approximately HK$3.3841 million.

Following this disposal, Fidelity's holdings in the automotive retailer decreased to about 113 million shares, representing a 5.99% stake in the company. This adjustment marks a notable shift in the institutional investor's exposure to the Hong Kong-listed automotive dealership group.

The move comes amid ongoing market volatility in the automotive retail sector, though the filing provided no specific rationale for the stake reduction. Market participants often monitor such institutional position changes as indicators of investment sentiment toward particular stocks.

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The transaction totaled approximately HK$3.3841 million.</p>\n<p>Following this disposal, Fidelity's holdings in the automotive retailer decreased to about 113 million shares, representing a 5.99% stake in the company. This adjustment marks a notable shift in the institutional investor's exposure to the Hong Kong-listed automotive dealership group.</p>\n<p>The move comes amid ongoing market volatility in the automotive retail sector, though the filing provided no specific rationale for the stake reduction. 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The transaction totaled ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0173614495.USD","symbol_name":"富达中国焦点A","start_time":0,"source_url":"","article_id":"1106752529","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106752529","pubTimestamp":1752629566,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Hong Kong Stock Exchange filings revealed that on July 10, Fidelity Funds reduced its position in Yongda Auto (03669.HK), offloading 1.5715 million shares at HK$2.1534 apiece. 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