According to documents disclosed by the Hong Kong Stock Exchange on June 11th, Luo Yan increased her shareholding by acquiring 4,000 H shares at an average price of HKD 43.8 per share on the same day, with a total value of approximately HKD 175,200. After the increase, Luo Yan's latest shareholding amounted to 24,000 shares, accounting for 0.01% of the outstanding shares.$CHICMAX (02145.HK)$Listed in Hong Kong, Luo Yan increased her shareholding by acquiring 4,000 H shares at an average price of HKD 43.8 per share on June 11th, with a total value of approximately HKD 175,200. After the increase, Luo Yan's latest shareholding amounted to 24,000 shares, accounting for 0.01% of the outstanding shares.
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.