On June 12th, according to the documents disclosed by the Hong Kong Stock Exchange, Richard LI sold 236,500 shares at an average price of $19.6369 per share on June 5th, with a total value of approximately $4.6437 million. After the sale, Richard LI's latest holdings were 9.2147 million shares, and the warehousing ratio decreased from 6.09% to 5.94%. $QFIN-S (03660.HK)$He sold 236,500 shares worth approximately $4.6437 million. After the sale, Richard LI's latest holdings were 9.2147 million shares, and the warehousing ratio decreased from 6.09% to 5.94%.
This transaction involves other related parties: OLP Capital Management Limited, RCWL Inc., and Di Fan SHEN.
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.