On June 13th, according to the documents disclosed by the Hong Kong Stock Exchange, Liu Jiren increased his shareholding by buying a total of 52,500 common shares at an average price of HKD 0.97 per share, worth approximately HKD 50,900. After the shareholding increase, Liu Jiren's latest total shareholding amounts to 168 million shares, and the good warehouse ratio increased from 19.97% to 19.98%.$NEUSOFT XIKANG (09686.HK)$HKEXAutoNews_DA20240613E00034.png
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.