On December 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 12, Stone Steps Investments Limited increased its Shareholding on December 11 at an average price of HKD 0.335 per share.$SUCCESS DRAGON (01182.HK)$It acquired 3.245 million shares of common stock, valued at approximately HKD 1.0871 million. After the increase, Stone Steps Investments Limited's latest number of shares held is 0.251 billion shares, with the proportion of good holdings rising from 70.81% to 71.74%.
This trade involves other related parties: Liu Shuting and Positive Kindness Limited.
Supplementary information: Stone Steps Investments Limited will fully transfer its shares 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 shares) must disclose their shareholding interests in listed companies. The Directors and senior executives of listed companies must disclose their share and debenture interests in both the listed company and its affiliated 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.
