According to the documents disclosed by the Hong Kong Stock Exchange on June 5th, LOFTY KEY LIMITED increased its shareholding on June 3rd at an average price of HKD 0.0239 per share.$CHI PEOPLE HOLD (00681.HK)$They purchased 3 million shares of common stock, worth about HKD 71,700. After the shareholding increase, LOFTY KEY LIMITED now holds a total of 2.512 billion shares, and its stake has increased from 28.09% to 28.12%.
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.