Li Ning (02331.HK) has been purchased over-the-counter by Li Qilin and related parties, who increased their holdings by 13,236,000 ordinary shares, valued at approximately HKD 222 million.

Futu News · Nov 4 17:06

According to a report on November 4, based on a document disclosed by the Hong Kong Stock Exchange on November 4, Li Qilin purchased an over-the-counter increase$LI NING (02331.HK)$of 13,236,000 ordinary shares at an average price of HKD 16.7716 per share, worth approximately HKD 222 million. After the increase, Li Qilin’s latest number of shares held is 353 million shares, and the long position ratio has increased from 13.16% to 13.67%.

This transaction involves other related parties: Li Ning.

Supplementary Information: 1. (Box 27) 2501-Beneficiary of a discretionary trust. 2. (Box 28) 4108-Restricted Shares. 3. (Box 32) 5102-Beneficiary of a discretionary trust.

Source of Image: Disclosure of Equity Interests by the Stock Exchange (partial table of the event)

What is equity disclosure?

In accordance with the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of shares) must disclose their equity interests in listed companies. Directors and senior administrative personnel of listed companies are required to disclose their equity and debt securities interests in the listed company and its related entities.

Why is equity disclosure important?

Equity disclosure enables investors to identify (1) individuals who control or have the ability to control equity interests in listed companies, and (2) individuals who may benefit from transactions involving entities related to the listed company.

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.