According to the latest data from the Hong Kong Stock Exchange, on June 22nd, Executive Director and Board Chairman Chen Zhuolin reduced his holding in AGILE GROUP (03383) by 1.656 million shares. The transaction was executed at a price of HK$0.1824 per share, resulting in a total consideration of approximately HK$302,100.
Following this disposal, his latest shareholding stands at approximately 2.541 billion shares, representing a stake of 50.36%.
The transaction involved related parties Chen Zhuoxi and Chen Zhuonan.
Supplementary information notes that, by a supplemental deed, the Chen Family Trust is a discretionary trust. Under section 323(1)(a)(iii), the interest of a beneficiary of a discretionary trust in shares held by trustees is disregarded unless the beneficiary is also a director of the listed corporation in question.