According to documents disclosed by the Hong Kong Stock Exchange on June 18th, LOFTY KEY LIMITED increased their shareholding on June 14th at an average price of 0.025 Hong Kong dollars per share. They acquired 1 million ordinary shares with a value of approximately 25,000 Hong Kong dollars. After the shareholding increase, LOFTY KEY LIMITED's latest shareholding count is 2.521 billion shares, and the warehouse ratio has increased from 28.21% to 28.22%.$CHI PEOPLE HOLD (00681.HK)$The value of 1 million ordinary shares is approximately 25,000 Hong Kong dollars. LOFTY KEY LIMITED's latest shareholding count is 2.521 billion shares, and the warehouse ratio has increased from 28.21% to 28.22% after the shareholding increase.
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.