According to the latest data from the Hong Kong Stock Exchange, on July 7, Generous Horizon Limited increased its holding in PANGAEA CONNECT (HKEX: 01473) by 120,000 shares. The transaction was executed at a price of HK$1.31 per share, amounting to a total consideration of HK$157,200.

Following this purchase, the shareholder's total holdings have risen to approximately 673 million shares. This represents a significant ownership stake of 56.07% in the company.

The disclosure also notes that the transaction involved other connected parties: Feng Ruijiang and Lin Yongyan.

Additional information provided indicates that, for reporting purposes, the listed corporation holds 22,000,000 shares as treasury shares. The filing entity is considered to have an interest in these shares due to its ability to control more than one-third of the voting power at the company's general meetings.