According to the documents disclosed by the Hong Kong Stock Exchange on June 12th, Wu Yingmei increased shareholding on June 6th at an average price of HK $8.9599 per share.$TRANSPORT INT'L (00062.HK)$She bought 124,000 ordinary shares with a value of about HK $1.111 million. After the increase, Wu Yingmei's latest shareholding increased from 5.61% to 5.63%, with a total of 27.8347 million 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.