Data from the Hong Kong Stock Exchange reveals that on August 28, Generous Horizon Limited increased its position in PANGAEA CONNECT (01473) by acquiring 1.62 million shares at an average price of HK$1.147 per share, totaling approximately HK$1.8581 million.
Following this transaction, the company's latest shareholding stands at around 675 million shares, representing a 56.03% stake in the entity.
This transaction involves related parties including Fung Yui Kong and Lam Wing Yin. Additional details note that for Box 20, 22,000,000 shares are held by the listed corporation as treasury shares, in which the filer is deemed to have an interest as it holds control over one-third of the voting power at general meetings of the listed corporation.