According to documents disclosed by the Hong Kong Stock Exchange on June 7, Cai Guanming increased his shareholding on June 4 at an average price of HK$0.235 per share, with a total of 390,000 ordinary shares worth approximately HK$91,700. After the increase, Cai Guanming's latest shareholding is 69,282,100 shares, increasing his holding proportion from 9.25% to 9.30%.$SUNWAH KINGSWAY (00188.HK)$
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.