Goldstone 1 LPF was sold at an average price of HK $0.265 per share on October 6, according to documents disclosed by the Hong Kong Stock Exchange on October 11.$CHINA NEW CONS (08275.HK)$9 million common shares worth about HK $2.385 million. After the sale, the latest number of shares held by Goldstone 1 LPF is 45.0988 million shares, and the proportion of long positions has dropped from 13.52% to 11.27%.
This transaction involves other related parties: Goldstone Wealth Management Limited and Lin Yuzuo.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) are required to disclose their interests in shares of listed companies. The directors and chief executives of a listed company shall disclose their interests in shares and debentures of the listed company and the company associated with the listed company.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) those who control or have the ability to control the shares of listed companies, and (2) those who may benefit from transactions involving associated entities of listed companies.