According to documents disclosed by the Hong Kong Stock Exchange on ****, Lofty Key Limited increased its shareholding on May 31st at an average price of HKD 0.024 per share.$CHI PEOPLE HOLD (00681.HK)$Lofty Key Limited increased its shareholding by 1.5 million ordinary shares at a value of approximately HKD 36,000. After the increase, Lofty Key Limited's latest shareholding amounted to 2.509 billion shares, and its warehouse-to-warehouse ratio increased from 28.07% to 28.09%.
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.