According to documents disclosed by the Hong Kong Stock Exchange on June 3, Yueda Capital (HK) Limited increased its shareholding on May 31 at an average price of HKD 0.1704 per share.$YUE DA INTL (00629.HK)$The company acquired 367,000 shares of common stock at a value of approximately HKD 62,500. After the shareholding, Yueda Capital (HK) Limited's latest shareholding increased to 603 million shares, and the H-Share ratio increased from 51.61% to 51.64%.
This transaction involves other related parties: Yueda Capital Company Limited and Jiangsu Yue Da Group Company Limited.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.