Li Hejun — formerly one of the wealthiest men in China until HTF’s stock suddenly plunged 47% in a single morning trading session in May, carving off about $19bn from its market capitalisation — is selling roughly 2.5 billion of his shares at 0.18 yuan ($0.03) each.
The sale sets HTF’s current market cap at approximately $1.16bn, versus an equity valuation of about $21.06bn
