According to documents disclosed by the Stock Exchange of Hong Kong on September 28th, Zeming International Investment Co., Ltd. Increased its over-the-counter holdings at an average price of HK $0.65 per share on September 27$HC ENV TECH (02265.HK)$6 million common shares worth about HK $3.9 million. After increasing the holding, Zeming International Investment Co., Ltd. The latest number of shares is 590 million shares, and the proportion of long positions has risen from 58.35 per cent to 58.95 per cent.
This transaction involves other related parties: Liu Zeming and Li Liyan.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more shares) are required to disclose their interests in shares of listed companies. The directors and chief executives of a listed company shall disclose their interests in shares and debentures of the listed company and the company associated with the listed company.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) those who control or have the ability to control the shares of listed companies, and (2) those who may benefit from transactions involving associated entities of listed companies.