On June 17th, according to the documents disclosed by the Hong Kong Stock Exchange, Liu Jiren increased his shareholding on June 13th at an average price of HKD 0.997 per share, with a total of 13,500 shares worth about HKD 13,500. After the increase, Liu Jiren's latest number of shares held is 168 million shares, with a warehouse ratio of 20.00%.$NEUSOFT XIKANG (09686.HK)$After the increase, Liu Jiren currently holds 168 million shares, representing a 20.00% stake in the company, with a total value of about HKD 13,500 based on the purchase of 13,500 ordinary shares of HKD 0.997 per share on June 13, as disclosed by the Hong Kong Stock Exchange on June 17.
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.