According to documents disclosed by the Hong Kong Stock Exchange on June 17th, Huang Jianye increased his shareholding on June 11th at an average price of HK$0.1 per share. He purchased 170,000 ordinary shares, worth approximately HK$17,000. After the transaction, Huang Jianye's latest shareholding increased to 1.122 billion shares, and his holdings ratio increased from 62.14% to 62.15%.$LEGEND UPSTAR (00459.HK)$After purchasing 170,000 ordinary shares at an average price of HK$0.1 per share on June 11th, Huang Jianye's latest shareholding increased to 1.122 billion shares, and his holdings ratio increased from 62.14% to 62.15%. The total value of the shares purchased is approximately HK$17,000.
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.