According to documents disclosed by the Hong Kong Stock Exchange on October 20, Easy One Financial Group Limited was sold over the counter at an average price of HK $0.0996 per share on October 18.$CH AGRI-PROD EX (00149.HK)$2.008 billion common shares worth about HK $200 million. After the sale, the latest number of shares held by Easy One Financial Group Limited is 0 shares, and the proportion of long positions has decreased from 20.17% to 0.005%.
Supplementary information: The relevant event concerns an agreement entered into between Loyal Fame International Limited (as seller) and Wang On Enterprises (BVI) Limited (as purchaser) for the indirect acquisition of approximately 20.17% of China Agri-Products Exchange Limited ("CAP") (via the sale of of Onger Investments Limited, which held the relevant CAP shares) on 6 Sept 2023. The completion took place on 18 Oct 2023. Easy One Financial Group Limited has ceased to have any interest in the relevant CAP shares.What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) are required to disclose their interests in shares of listed companies. The directors and chief executives of a listed company shall disclose their interests in shares and debentures of the listed company and the company associated with the listed company.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) those who control or have the ability to control the shares of listed companies, and (2) those who may benefit from transactions involving associated entities of listed companies.