According to documents disclosed by Hong Kong Stock Exchange on June 13, Wu Wenchan increased his shareholding in Daisho Microline Group (00567.HK) on April 25th at an average price of HKD 0.055 per share. He purchased a total of 120 million ordinary shares, worth approximately HKD 6.6037 million. Following the shareholding increase, Wu Wenchan now holds a total of 421 million shares, and his shareholding proportion increased from 18.55% to 26.10%.$DAISHOMICROLINE (00567.HK)$He purchased a total of 120 million ordinary shares, worth approximately HKD 6.6037 million. Following the shareholding increase, Wu Wenchan now holds a total of 421 million shares, and his shareholding proportion increased from 18.55% to 26.10%.
This transaction involves other related parties: Li Meili.
Supplementary information: To revised Form Serial Number IS20240430E00152.
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.