On June 18th, according to documents disclosed by the Hong Kong Stock Exchange, DAVID MICHAEL WEBB increased his shareholding on June 11th at an average price of HKD 0.703 per share.$MING FAI INT'L (03828.HK)$Purchasing 431,000 ordinary shares worth approximately HKD 303,000. After the increase, DAVID MICHAEL WEBB's latest shareholding is 118 million shares, and his warehouse ratio increased from 15.99% to 16.05%.
Supplementary information: Note to self: never recycle a filing! Ming Fai makes the products, Baguio does the recycling.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.