Reported on October 3rd, according to the documents disclosed by the Hong Kong Stock Exchange on October 3rd, Brilliant Sunshine International Limited increased its shareholding in the off-exchange market on September 24th at an average price of HK$0.08 per share.$HP LIVING TECH (01682.HK)$0.327 billion ordinary shares, valued at approximately HK$26.1742 million, were acquired by Brilliant Sunshine International Limited. After the increase in shareholding, the latest number of shares held by Brilliant Sunshine International Limited is 0.431 billion shares, and the stake ratio has increased from 13.23% to 54.86%.
This trade involves other related parties: Yu Xue Ming and Wu Lianghao.
Supplementary information: The voluntary unconditional general cash offers made by Kingston Securities on behalf of Brilliant Sunshine International Limited (the "Offeror") to acquire all of the issued shares of Hang Pin Living Technology Company Limited (the "Company") were closed on September 24, 2024, and the Offeror received valid acceptances for a total of 327,177,404 Offer Shares under the Share Offer. Please refer to the joint announcement of the Company and the Offeror dated September 24, 2024, for details.
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.
