According to documents disclosed by the Hong Kong Stock Exchange on September 29th, Gao Junyi increased his holdings at an average price of HK $0.245 per share on September 28th.$GOLDEN FAITH GP (02863.HK)$120000 common shares worth about HK $29400. After the increase, the latest number of shares held by Gao Junyi is 458 million shares, and the proportion of good positions has increased from 68.73% to 68.75%.
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.