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HONGKONG JINGGANGSHAN INTERNATIONAL CO., LIMITED场外售出泛亚环保(00556.HK)7,000万股普通股股份,价值约1,785万港元

HONGKONG JINGGANGSHAN INTERNATIONAL CO., LIMITED sold 70 million shares of Pan Asia Environmental Protection (00556.HK) common shares worth approximately HK$17.85 million off the market

Futu News ·  Feb 20 17:04

On February 20, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on February 20, HONGKONG JINGGANGSHAN INTERNATIONAL CO., LIMITED sold OTC at an average price of HK$0.255 per share on February 14$PAN ASIA ENVIRO (00556.HK)$70 million common shares worth approximately HK$17.85 million. After the sale, HONGKONG JINGGANGSHAN INTERNATIONAL CO., LIMITED's latest shareholding was 18.6792 million shares, and the good position ratio dropped from 9.55% to 2.01%.

This transaction involves another related party: Wen Zhanfeng.

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What is disclosure of interests?

As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company linked to the listed company.

Why is disclosure of interests important?

Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.

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