According to documents disclosed by the Hong Kong Stock Exchange on October 13, Million Treasure International Holdings Limited was sold over the counter at an average price of HK $1.15 per share on October 11.$PLATEAU TL (08402.HK)$4 million common shares worth about HK $4.6 million. After the sale, the latest number of shares held by Million Treasure International Holdings Limited was 301 million shares, and the proportion of long positions fell from 63.46 per cent to 62.62 per cent.
This transaction involves other related parties: Zhang Zhang.
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.