Reported on June 11th, according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, A&B Development Holding Limited sold 4,000,000 shares of ordinary stock off-market at an average price of 1.0 Hong Kong dollars per share on ****.$DOWWAY (08403.HK)$The 4,000,000 shares of common stock are worth about 4 million Hong Kong dollars. After the sale, the latest shareholding of A&B Development Holding Limited is 39,645,000 shares, and the proportion of the good warehouse has decreased from 36.37% to 33.04%.
This transaction involves other related parties: Lin Yuting and Huang Xiaodi.
Supplementary information: A&B Development Holding Limited has granted Wing Ka Yuen Company Limited an option to purchase up to 12,000,000 option shares from A&B Development Holding Limited at an exercise price of HK$1.00 per share within the two-year exercise period from the date of the option agreement.What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.