Reported on June 3rd, according to the document disclosed by the Hong Kong Stock Exchange on June 3rd, Rong De Investments Limited sold 11 million ordinary shares at an average price of HKD 0.2254 per share on May 28th, with a value of approximately HKD 2.4794 million. After the sale, Rong De Investments Limited's latest holdings reduced to 4.048 billion shares, and the warehouse ratio fell from 56.18% to 56.03%.$ZHUGUANG HOLD (01176.HK)$This transaction involves other related parties: Zhu Qingsong and Liao Tengjia.
This trade involves other related parties: Zhu Qingsong and Liao Tengjia.
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.