On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, Texson Limited increased its shareholding on December 20 at an average price of HKD 2.8509 per share.$CHINA RISUN GP (01907.HK)$1.617 million ordinary shares were acquired, valued at approximately HKD 4.6099 million. After the shareholding increase, the latest number of shares held by Texson Limited is 3.343 billion shares, with the good stock ratio rising from 75.90% to 75.94%.
This trade involves other related parties: Yang Xuegang and Lu Xiaomei.
Supplementary information: Under a placing and subscription agreement dated December 18, 2024, Texson Limited shall place 52,000,000 shares of CHINA RISUN GP (Company) with various placees and subscribe for 52,000,000 new shares of the Company upon completion of the placing (Top-up Placing). See the Company's announcement made on the same day. The reporting transactions occurred following the announcement and before completion of the placing. Completion of the subscription has not been completed.
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.