On June 28th, Pioneer Top Holdings Limited increased its shareholding at an average price of HKD 3.73 per share, according to documents disclosed by the Hong Kong Stock Exchange. It purchased 366,000 common shares with a value of approximately HKD 1.3652 million on June 27th. After the increase, Pioneer Top Holdings Limited's latest shareholding increased to 426 million shares, and its warehouse-to-store ratio increased from 35.04 % to 35.07 %.$CHINA XLX FERT (01866.HK)$After increasing its shareholding, Pioneer Top Holdings Limited now owns 426 million shares with a warehouse-to-store ratio of 35.07%, representing a value of approximately HKD 136.52 million based on an average purchase price of HKD 3.73 per share.
This transaction involves other related parties: Liu Xingxu.
Supplementary information: Mr. Liu Xingxu holds 42% of Pioneer Top Holdings Limited's equity, and he has been granted the absolute discretion to exercise voting rights and rights to the day-to-day management of Pioneer Top Holdings Limited.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 company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related 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.