On June 11, according to the documents disclosed by the Hong Kong Stock Exchange on June 11, Rong De Investments Limited sold 10 million shares of common stock at an average price of HK$0.1791 per share, valued at approximately HK$1.791 million. After the sale, Rong De Investments Limited holds 3.971 billion shares, and its warehouse ratio has decreased from 55.09% to 54.95%.$ZHUGUANG HOLD (01176.HK)$On June 11th, according to documents disclosed by the Hong Kong Stock Exchange, Rong De Investments Limited sold 10 million shares of ordinary stock at an average price of HK$0.1791 per share, with a value of about HK$1.791 million. After the sale, Rong De Investments Limited holds 3.971 billion shares, and its warehouse ratio has decreased from 55.09% to 54.95%.
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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.