Chinahongqiao (01378) announced that its controlling shareholder, Chinahongqiao Holdings Limited, has acquired a total of 6.8725 million shares of the company from the open market at an average price of approximately HK$11.87 per share on June 14, 2024, representing approximately 0.073% of the total issued shares of the company as of the date of this announcement. Before the acquisition, Hongqiao Holdings held 6.077 billion shares, representing approximately 64.13% of the total issued shares of the company. After the acquisition, Hongqiao Holdings held 6.083 billion shares, representing approximately 64.20% of the total issued shares of the company. According to the relevant public shareholding exemption obtained by the company, the company is required to maintain a public shareholding of 15.04%. Based on the public information available to the company and to the best knowledge of the directors, the company can still meet the public shareholding requirements after the acquisition of shares.
Chinahongqiao (01378) has announced that its controlling shareholder, Chinahongqiao Holdings Limited, has purchased a total of 6.8725 million shares of the company from the open market at an average price of approximately HK$11.87 per share on June 14, 2024, representing approximately 0.073% of the total issued shares of the company as of the date of this announcement. Prior to the purchase, Hongqiao Holdings held 6.077 billion shares, representing approximately 64.13% of the company's total issued shares. After the purchase, Hongqiao Holdings held 6.083 billion shares, representing approximately 64.20% of the company's total issued shares. Based on public exemption granted to the company for shareholding, the company needs to maintain a public shareholding of 15.04%. Based on public information that the company can access and according to the best knowledge of the directors, the company can still meet the public shareholding requirement even after the shareholding increase.