On ****, according to the documents disclosed by Hong Kong Stock Exchange on ****, Zhang Songqiao increased shareholding on May 30th at an average price of HKD 7.17 per share.$C C LAND (01224.HK)$The Cross-Harbour (Holdings) Limited purchased 7,000 ordinary shares valued at approximately HKD 50,200. After the increase, Zhang Songqiao's latest shareholding in the associated corporation was 273 million shares, with a warehouse ratio of 73.18%.
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.