On September 25, BOSS ZHIPIN-W fell 3.32% in regular trading to 52.45 HKD/share, with turnover of 160,300 HKD. The decline was driven by the confluence of the annual dividend ex-date and sustained selling pressure from major shareholders.

September 25 marked the ex-dividend date for the company's annual payout of 0.255 USD per share. Beyond the mechanical price adjustment, multiple large holders have recently reduced their stakes. Tencent's Image Frame Investment sold approximately 36.65 million shares off-exchange at an average price of 60.67 HKD, totaling roughly 2.223 billion HKD, slashing its stake from 6.51% to 2.17%. JPMorgan also trimmed its long position to 4.96%. Meanwhile, founder Peng Zhao offloaded 15.2 million shares worth approximately $110 million via a block trade to meet tax obligations under newly introduced offshore trust tax rules in China.

Partially offsetting the selling pressure, Bank of America raised its stake to 7.31%, Goldman Sachs to 5.87%, and BlackRock to 6.48%. Nonetheless, the convergence of ex-dividend adjustment and concentrated disposals weighed heavily on the stock in the near term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)