On June 13th, according to documents disclosed by the Hong Kong Stock Exchange, Shen Muping increased his shareholding by purchasing 29.36 million shares of common stock of the company $GBA Holdings (00261.HK)$ at an average price of HKD 0.36 per share through off-market transactions. The total value of the transaction was approximately HKD 10,569,600. After the shareholding increase, Shen Muping's total number of shares held increased from 48.56 million to 53.92 million, and the percentage of good warehouse increased from 1.98% to 5.01%.$GBA HOLDINGS (00261.HK)$After the shareholding increase, Shen Muping's total number of shares held increased from 48.56 million to 53.92 million, and the percentage of good warehouse increased from 1.98% to 5.01%. The total value of the transaction was approximately HKD 10,569,600.
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.