On June 13th, Texson Limited increased its shareholding at an average price of HKD 3.0156 per share, according to the documents disclosed by the Hong Kong Stock Exchange on June 13th.$CHINA RISUN GP (01907.HK)$Texson Limited acquired 358,000 ordinary shares valued at approximately HKD 1.0796 million. After the increase, the latest shareholding of Texson Limited is 3.168 billion shares, and the warehouse-to-shelf ratio has increased from 71.89% to 71.90%.
This transaction involves other related parties: Xiao Mei Lu and Xuegang Yang.
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.