On December 19, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 19, May Flower Information Technology Co., Limited increased its shareholding on July 16 at an average price of 2.648 Hong Kong dollars per share.$TONGDAO LIEPIN (06100.HK)$3.655 million ordinary shares were acquired, valued at approximately 9.6784 million Hong Kong dollars. After the increase, the latest number of shares held by May Flower Information Technology Co., Limited is 0.164 billion shares, with the proportion of good shares rising from 31.23% to 31.94%.
This Trade involves Other related parties: Dai Kebin and Song Yueting.
Supplementary information: For Box 17 and Box 20 - Interest in shares held by May Flower Information Technology Co., Limited increased on July 16, 2024, through the purchase on the market. This form is amended as May Flower Information Technology Co., Limited, a controlled corporation of Mr. Dai Kebin, was recently notified by a proxy grantor that the voting rights held and proxied by it have been reduced by 21,248,931 shares.
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.
