On June 4, according to the files disclosed by the Hong Kong Stock Exchange, He Fu International Limited sold a total of 116 million ordinary shares at an average price of HKD 0.65 per share on June 3, with a value of approximately HKD 75.4 million. After the sale, the latest shareholding of He Fu International Limited is 7.763 billion shares, and the warehouse ratio has decreased from 30.26% to 29.81%.$UNITEDENERGY GP (00467.HK)$This transaction involves other related parties: Orient Group Incorporation Industry Development Co., Ltd., Orient Group Co., Ltd., Mingze Orient Investment Co., Ltd., Huilan Investment Limited, and Zhang Hongwei.
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Equity disclosure allows investors to identify (1) individuals who control or have the ability to control the shareholding interests of listed companies, and (2) individuals who may benefit from transactions involving associated entities of listed companies.
Why is equity disclosure important?