On June 26th, according to the documents disclosed by Hong Kong Exchange on June 26th, Hebei Provincial Expressway Development Co., Ltd. increased its shareholding in the off-exchange market on January 26th at an average price of 0.18 yuan (RMB, same below) per share.$RUIFENG RENEW (00527.HK)$Hebei Provincial Expressway Development Co., Ltd. held a total of 57.78 billion shares after the increase, accounting for 347.56%. The 590.6159 million shares of ordinary shares were worth about RMB 106 million.
Other related parties involved in this transaction: Hebei Transportation Investment Group Co., Ltd. (河北交通投资集团有限公司).
Supplementary information: On January 26, 2024 (after trading hours), China Ruifeng Renewable Energy Holdings Ltd (the "Company") conditionally entered into a subscription agreement with Hebei Provincial Expressway Development Co., Ltd. in respect of the 590,615,905 ordinary shares of the Company. On the same day, the Company conditionally entered into a subscription agreement with Hebei Provincial Expressway Development Co., Ltd. in respect of the convertible bonds in the principal amount of approximately RMB933.7million.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.