According to the documents disclosed by Hong Kong Stock Exchange on June 18th, Qiu Yingming increased his shareholding on June 14th at an average price of HK$0.153 per share, with a total of 598,000 common shares worth about HK$91,500. After the increase, the latest number of shares held by Qiu Yingming is 40,898,000 shares, and the warehouse ratio has increased from 3.85% to 3.91%.$ISP GLOBAL (08487.HK)$HKEXAutoNews_DA20240617E00324.png
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.