According to documents disclosed by the Hong Kong Stock Exchange on June 5, Rong De Investments Limited sold 6 million ordinary shares at an average price of HKD 0.2091 per share on May 31, worth about HKD 1.2546 million. After the sale, Rong De Investments Limited's latest shareholding was 4.025 billion shares, and the good warehouse ratio decreased from 55.79% to 55.71%.$ZHUGUANG HOLD (01176.HK)$On June 5th, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 5th, Rong De Investments Limited sold 6 million ordinary shares at an average price of HKD 0.2091 per share on May 31, worth approximately HKD 1.2546 million. After the sale, Rong De Investments Limited's latest shareholding was 4.025 billion shares, and the good warehouse ratio decreased from 55.79% to 55.71%.
This trade involves other related parties: Zhu Qingsong and Liao Tengjia.
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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.