On December 11, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 11, Pan Lihui increased his Shareholding over-the-counter at an average price of HKD 0.067 per share on December 6.$ENVIRO ENERGY (01102.HK)$He purchased 20 million ordinary shares, worth approximately HKD 1.34 million. After the Shareholding increase, Pan Lihui's latest number of shares held is 0.309 billion shares, and the good stock ratio has risen from 26.00% to 21.48%.
Supplementary information: On 6 December 2024, (1) Mr. Pan Lihui has purchased 20,000,000 shares of the Company, and (2) Wonderland International Investment Holdings Limited sold 85,000,000 shares of the Company; therefore, the number of shares of interest of Mr. Pan Lihui has been reduced from 374,174,392 to 309,174,392.Why does the active party increase its shareholding, but the shareholding proportion decreases?
This may be because the listed company conducted a share placement and increase in share capital, resulting in the dilution of the active party's shareholding proportion.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more) must disclose their shareholdings in the listed company. Directors and senior executives of the listed company must disclose their equity interests in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure allows investors to identify (1) persons who control or have the ability to control the equity interests in the listed company, and (2) persons who may benefit from transactions involving entities related to the listed company.