On June 11th, according to documents disclosed by the Hong Kong Stock Exchange on June 11th, Lazard Asset Management LLC sold 2.2859 million shares of common stock at an average price of $22.5725 per share on August 31, 2023, worth approximately $51.5985 million. After the sale, Lazard Asset Management LLC's latest holdings have decreased from 5.06% to 4.69% with 569 million shares remaining. $LENOVO GROUP (00992.HK)$Lazard Asset Management LLC sold 2.2859 million shares of common stock at an average price of $22.5725 per share on August 31, 2023, worth approximately $51.5985 million. After the sale, Lazard Asset Management LLC's latest holdings have decreased from 5.06% to 4.69% with 569 million shares remaining.
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.