October 18 reported that according to documents disclosed by the Hong Kong Stock Exchange on October 18, Pan Zheng increased his holdings over the counter at an average price of HK $0.3 per share on October 17.$ASIA STD HOTEL (00292.HK)$42 million common shares of the associated corporation Asia Orient Holdings limited, valued at approximately HK $12.6 million After the increase, Pan Zheng's latest shareholding in the associated corporation was 552 million shares, and the proportion of long positions increased from 60.61% to 65.60%.
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.