According to the documents disclosed by the Hong Kong Stock Exchange on June 11, Rong De Investments Limited sold 14.6 million ordinary shares at an average price of HKD 0.1968 per share on June 5, valued at about HKD 2.8733 million. After the sale, Rong De Investments Limited's latest holdings of shares amounted to 3.993 billion shares, and the Good Warehouse ratio decreased from 55.47% to 55.26%. $ZHUGUANG HOLD (01176.HK)$On June 11th, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on June 11th, Rong De Investments Limited sold 14.6 million common shares at an average price of HKD0.1968 per share on June 5th, with a total value of about HKD2.8733 million. After the sale, the latest number of shares held by Rong De Investments Limited amounted to 3.993 billion shares, and the Good warehouse ratio fell from 55.47% to 55.26%.
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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.