On December 5, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 5, Innumberable Fortune Limited increased its shareholding in the over-the-counter market on December 2 at an average price of HKD 1.3 per share.$DEVGREAT (00755.HK)$29.7587 million ordinary shares, valued at approximately HKD 38.6863 million. After the increase in shareholding, Innumberable Fortune Limited's latest shareholding is 29.7587 million shares, with the good position ratio rising from 0.00% to 16.66%.
Supplementary information: On December 2, 2024, Innumberable Fortune Limited as the subscriber (the "Subscriber") and Devgreat Group Limited (the "Company") entered into a subscription agreement, pursuant to which, the Subscriber has conditionally agreed to subscribe for, and the Company has conditionally agreed to allot and issue 29,758,703 new shares in the Company to the Subscriber. The Subscriber is owned as to 70% by Ms. Li Zhen, hence she is deemed to be interested in the shares which the Subscriber is interested in.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.