On June 13, according to the documents disclosed by the Hong Kong Stock Exchange on June 13, Liu Fengshan increased his shareholding by an average price of HKD 7.59 per share.$HUAXIN CEMENT (06655.HK)$Liu Fengshan increased his shareholding by purchasing 69,700 shares of H shares at a value of approximately HKD 529,000 on June 13. After the increase, Liu Fengshan's latest shareholding number was 282,800 shares, and the percentage of good warehouses increased from 0.03% to 0.04%.
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.