Shareholder A sold 500 shares of ABC stock on the Hong Kong Stock Exchange. This transaction:

Question

Quizplus · Accepted Answer

The transaction of selling 500 shares on the Hong Kong Stock Exchange was done by a shareholder, which means it was not an initial public offering in the primary market. Also, since it was done on an exchange, it was not a private placement. As for the options B and D, there is no mention of a dealer market or a proxy being involved. That leaves us with option C, which is the correct answer. The transaction was done on the secondary market because the shares were already traded on the stock exchange and were being resold by the shareholder.

Shareholder a Sold 500 Shares of ABC Stock on the Hong