On June 14th, according to the documents disclosed by the Hong Kong Stock Exchange, Curicao Company Limited increased its shareholding on June 14th at an average price of HKD 6.9348 per share, for a total of 1.25 million ordinary shares valued at approximately HKD 8.6685 million. After the increase, the latest holding of Curicao Company Limited increased to 299 million shares, and the proportion of the excellent warehouse increased from 6.32% to 6.34%.$HANG LUNG PPT (00101.HK)$The Curicao Company Limited increased its shareholding by purchasing 1.25 million ordinary shares worth around HKD 8.6685 million at an average price of HKD 6.9348 per share on June 14th. After the increase, its latest holding increased to 299 million shares and the excellent warehouse proportion increased from 6.32% to 6.34%.
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.