According to documents disclosed by the Hong Kong Stock Exchange on June 14th, Ye Dequan increased his shareholding on June 12th with an average price of HKD 30.05 per share. He purchased 300,000 common shares worth approximately HKD 9.015 million. After the increase, Ye Dequan's latest shareholding increased from 0.01% to 0.02% with a total of 900,000 shares.$CK ASSET (01113.HK)$
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.