According to documents disclosed by the Hong Kong Stock Exchange on June 11th, Universal Century Holdings Group purchased 4.08 million shares of common stock off-market at an average price of HKD 0.26 per share on May 31st, with a total value of approximately HKD 1.06 million. After the purchase, the latest shareholding of Universal Century Holdings Group is 31.6 million shares, and the good warehouse ratio has increased from 9.56% to 10.97%. $CORE ECON INV (00339.HK)$Universal Century Holdings Group, after the purchase, holds a latest shareholding of 31.6 million shares, and the good warehouse ratio has increased from 9.56% to 10.97%. This transaction involves other related parties: Zhu Wenjuan.
This transaction involves other related parties: Zhu Wenjuan.
Why did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.