According to the document disclosed by the Hong Kong Stock Exchange on June 11th, Tsai Guanming increased his shareholding on June 7th at an average price of HKD 0.2347 per share, with a total of 420,000 common shares worth about HKD 98,600. After this increase, Tsai Guanming's latest number of shares held is 69,702,100 shares, and his warehouse ratio has risen from 9.30% to 9.36%.$SUNWAH KINGSWAY (00188.HK)$
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.