Reported on June 11th, according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, Liu Jiren increased his shareholding on June 5th at an average price of HKD 0.9792 per share, purchasing 18,500 shares of ordinary shares for a total value of approximately HKD 18,100. After the shareholding increase, Liu Jiren's latest shareholding amount is 168 million shares, with a warehouse ratio of 19.96%.$NEUSOFT XIKANG (09686.HK)$After the shareholding increase, Liu Jiren has 168 million shares of common stock with a warehouse ratio of 19.96%.
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.