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Story summary
- Peng Zhao sold HK$863 million of Kanzhun Ltd. shares to pay taxes.
- He sold 15.2 million shares at HK$56.90 each, a 2.7% discount to the prior close.
- The block trade, arranged by Goldman Sachs, used his trust-held BVI entity Techwolf Ltd.
- Kanzhun shares fell up to 4.2% in Hong Kong after the sale.
- Kanzhun reported Q2 revenue up 14% to 2.4 billion yuan and 70 million users.
