Reported on October 10th, according to the documents disclosed by the Hong Kong Stock Exchange on October 10th, Skycus China Fund, L.P. increased their off-exchange shareholding on October 4th at an average price of 2.899 Hong Kong dollars per share.$GENOR-B (06998.HK)$0.155 billion shares of common stock, worth approximately 0.451 billion Hong Kong dollars. After the increase, Skycus China Fund, L.P. now holds a total of 0.155 billion shares of stock, with a warehouse ratio rising from 0.00% to 29.90%.
This transaction involves other related parties: Boundless Plain Holdings Limited and Li Haoliang.
Supplementary information: Pursuant to the Merger Agreement effective on October 4, 2024, Skycus China Fund, L.P. will receive a certain number of Consideration Shares upon the Merger taking effect. The number will be determined by the Share Exchange Ratio at the Merger Effective Time. Please see the Company's announcement dated October 7, 2024 for more details.
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.
