According to the documents disclosed by the Hong Kong Stock Exchange on June 13, Curicao Company Limited increased its shareholding on June 13 at an average price of HKD 6.9913 per share for 1.5 million ordinary shares, worth approximately HKD 10.487 million. After the increase, the latest shareholding of Curicao Company Limited has increased from 6.14% to 6.17% of a total of 278 million shares.$HANG LUNG PPT (00101.HK)$
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.