Abel Technology (02708) issued an announcement. The company's board of directors was informed by Li Ziming, executive director and chairman of the board, that Yi Ming...
According to the Zhitong Finance App, Abel Technology (02708) issued an announcement. The company's board of directors was informed by Li Ziming, executive director and chairman of the board of directors, that 214,000 company shares held by Yiming Holdings Limited (Yiming), accounting for 0.03% of the total number of shares issued on the date of this announcement (held in a securities trading account with guaranteed financing) were forcibly sold on the market on November 27, 2023, because they failed to meet the security deposit replacement requirements issued.
The issued share capital of Yi Ming is wholly owned by Lai Tze-ming. Therefore, according to the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong, Lai Tze-ming is considered to have an interest in the shares held by Yi Ming.
Prior to the sale, Lai Tze Ming and Yi Ming jointly held about 11.84% of the total number of issued shares on the date of this announcement. Of these, Yiming held about 10.99%, and the shares in the above share capital were about 11.84%. Following the sale, Lai Chi Ming and Yi Ming jointly held about 11.81% of the total number of issued shares on the date of this announcement. Of these, Yiming held about 10.96%, and the shares in the above share capital were about 11.81%.