On December 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 24, MIDEA REAL EST DEVELOPMENT HOLDING (BVI) Limited increased its shareholding in the over-the-counter market on December 19 at an average price of HKD 2.88 per share.$MIDEA REAL EST (03990.HK)$30 million ordinary shares, valued at approximately HKD 86.4 million. After the increase in shareholding, MIDEA REAL EST DEVELOPMENT HOLDING (BVI) Limited's latest shareholding number is 1.127 billion shares, and the good warehouse ratio increased from 76.43% to 78.52%.
This Trade involves other related parties: He Xiangjian, Lu Deyan, and He Jianfeng.
Supplementary information: On December 19, 2024, a total of 30,000,000 shares were acquired from the independent trustee of the trust plan.
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.
