On June 25th, according to documents filed by the Hong Kong Stock Exchange, Pioneer Top Holdings Limited increased its shareholding on June 24th at an average price per share of HKD 3.69.$CHINA XLX FERT (01866.HK)$The company purchased 602,000 shares of common stock at a value of approximately HKD 2.2214 million. After the shareholding increase, the company's latest shareholding is 426 million shares, and the warehouse ratio has increased from 34.99% to 35.04%.
This transaction involves other related parties: Liu Xingxu.
Supplementary information: Mr. Liu Xingxu holds 42% of Pioneer Top Holdings Limited's equity, and he has been granted the absolute discretion to exercise voting rights and rights to the day-to-day management of Pioneer Top Holdings Limited.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.