On June 6th, according to the file disclosed by the Hong Kong Stock Exchange on June 6th, Tsai Kuanming increased his shareholding at an average price of HKD 0.2327 per share on ****.$SUNWAH KINGSWAY (00188.HK)$He increased his shareholding with 450,000 shares of common stock, worth about HKD 104,700. After the increase, Tsai Kuanming's latest shareholding rose from 9.19% to 9.25%, with a total of 68.8921 million shares of equity.
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.