According to documents disclosed by the Hong Kong Stock Exchange on November 1st, Luo Xurui increased its holdings at an average price of HK $6.3963 per share on October 26th.$CENTURY C INT'L (00355.HK)$100, 000 common shares of the associated corporation Cosmopolitan International Holdings limited, valued at about HK $639600 After the increase, Luo Xurui's latest shareholding in the associated corporation is 817 million shares, and the proportion of long positions has increased from 127.75% to 127.77%.
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.