According to the documents disclosed by the Hong Kong Stock Exchange on June 3, Rong De Investments Limited sold 11 million shares of common stock at an average price of HKD 0.2372 per share on May 29, with a total value of approximately HKD 2.6092 million. After the sale, the latest holding of Rong De Investments Limited was 4.037 billion shares of common stock, and the warehouse ratio decreased from 56.03% to 55.87%.$ZHUGUANG HOLD (01176.HK)$This transaction involves other related parties: Liao Tengjia and Zhu Qingsong.
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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.