On June 17th, according to the documents disclosed by the Hong Kong Stock Exchange on June 17th, Liu Jiren increased his shareholding at an average price of HKD 0.9858 per share on June 12th.$NEUSOFT XIKANG (09686.HK)$He bought 77,000 ordinary shares with a value of about HKD 75,900. After the increase, Liu Jiren's latest shareholding reached 168 million shares, and the holding ratio increased from 19.99% to 20.00%.
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.