On December 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 9, Stone Steps Investments Limited increased its shareholding on December 6 at an average price of HKD 0.335 per share.$SUCCESS DRAGON (01182.HK)$3.735 million ordinary shares were valued at approximately HKD 1.2512 million. After the increase in shareholding, the latest number of shares held by Stone Steps Investments Limited is 0.24 billion shares, with the good ware ratio increasing from 67.70% to 68.77%.
This trade involves other related parties: Liu Shuting and Positive Kindness Limited.
Additional information: Stone Steps Investments Limited will fully transfer to Positive Kindness Limited on January 2, 2024.
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.