On June 14th, according to the documents disclosed by the Hong Kong Stock Exchange on June 14th, Wong King Chiu increased his shareholding by an average of HKD 1.39 per share on April 17th.$CHINA INFO TECH (08178.HK)$He increased his shareholding by 28,000 ordinary shares, worth about HKD 38,900. After the increase, Wong King Chiu's latest shareholding number was 1.25 million shares, and the good warehouse ratio increased from 1.98% to 2.03%.
Supplementary information: The percentage of total shares immediately after the relevant event is 2.03%.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.