According to documents disclosed by the Hong Kong Stock Exchange on June 5th, Rong De Investments Limited sold 11.5 million ordinary shares at an average price of HKD 0.2053 per share on ****, with a total value of approximately HKD 2.361 million. After the sale, Rong De Investments Limited's latest shareholding amounted to 4.008 billion shares, and the warehouse ratio decreased from 55.63% to 55.47%.$ZHUGUANG HOLD (01176.HK)$On June 5th, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on June 5th, Rong De Investments Limited sold 11.5 million ordinary shares at an average price of HKD 0.2053 per share on ****, with a total value of approximately HKD 2.361 million. After the sale, Rong De Investments Limited's latest shareholding amounted to 4.008 billion shares, and the warehouse ratio decreased from 55.63% to 55.47%.
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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.