On ****, according to the document disclosed by the Hong Kong Stock Exchange on ****, Liu Jiren increased his shareholding on May 31st at an average price of HKD 0.94 per share, purchasing 118,500 ordinary shares worth approximately HKD 111,400. After the increase, Liu Jiren's latest holding of shares increased from 1.68 billion to 1.68 billion and the warehouse share ratio increased from 19.92% to 19.93%.$NEUSOFT XIKANG (09686.HK)$
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.