Reported on December 2nd, according to the documents disclosed by the Hong Kong Stock Exchange on December 2nd, Great Trade Limited increased its shareholding off-market on November 29th at an average price of 1.3 Hong Kong dollars per share.$XINGDA INT'L (01899.HK)$51.3359 million ordinary shares, valued at approximately 66.7367 million Hong Kong dollars. After the increase in shareholding, Great Trade Limited's latest number of shares held is 1.229 billion, and the holding ratio has increased from 61.32% to 64.00%.
This trade involves other related parties: Liu Jinlan.
Supplementary information: On October 25, 2024, Great Trade Limited, through Shenwan Hongyuan, made a voluntary conditional cash offer to acquire all issued shares of the Company (excluding those already owned or to be acquired by it and parties acting in concert with it). The Offer closed on November 29, 2024. For more details, please refer to the Composite Document dated October 25, 2024, and the joint announcements jointly issued by the Offeror and the Company on November 15, 2024, and November 29, 2024, respectively.
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.
