On June 6th, according to documents disclosed by HKEX, LOFTY KEY LIMITED increased its shareholding on **** at an average price of HKD 0.024 per share, purchasing 500,000 common shares worth approximately HKD 12,000. Following the increase, LOFTY KEY LIMITED now holds 2.513 billion shares, with a warehouse ratio increasing from 28.12% to 28.13%.$CHI PEOPLE HOLD (00681.HK)$HKEXAutoNews_CS20240606E00204.png
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.