According to the documents disclosed by the Hong Kong Stock Exchange on June 13th, Liu Jiren increased his shareholding on June 11th at an average price of HKD 0.9683 per share.$NEUSOFT XIKANG (09686.HK)$Liu Jiren increased his shareholding by 103,500 common shares, worth approximately HKD 100,200. After the increase, Liu Jiren's latest shareholding is 168 million shares and his stake ratio rose from 19.98% to 19.99%.
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.