According to documents disclosed by the Hong Kong Stock Exchange on June 5th, Chen Xian increased his shareholding on **** at an average price of HKD 1.62 per share.$CHINA SANJIANG (02198.HK)$She purchased 130,000 ordinary shares, worth approximately HKD 210,600. After the shareholding increase, Chen Xian's latest shareholding number is 3.5 million shares, and her warehouse ratio has increased from 0.28% to 0.29%.
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.