On ****, according to the documents disclosed by the Hong Kong Stock Exchange on ****, Aikya Investment Management Limited increased its shareholding on May 29th at an average price of HKD 2.64 per share. It purchased 1.086 million ordinary shares with a value of approximately HKD 2.867 million, and after the increase, Aikya Investment Management Limited's latest shareholding increased from 4.99% to 5.08%, with a total holding of 70.4242 million shares.$MEIDONG AUTO (01268.HK)$It purchased 1.086 million ordinary shares with a value of approximately HKD 2.867 million, and after the increase, Aikya Investment Management Limited's latest shareholding increased from 4.99% to 5.08%, with a total holding of 70.4242 million shares.
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.