According to documents disclosed by the Hong Kong Stock Exchange on June 18, Cai Guanming increased his shareholding on June 14 at an average price of HKD 0.236 per share for a total of 520,000 common shares, worth approximately HKD 122,700. After the purchase, Cai Guanming's total number of shares held increased to 71,392,100 shares, and his percentage of ownership increased from 9.51% to 9.58%.$SUNWAH KINGSWAY (00188.HK)$The value of Cai Guanming's shareholding increased to approximately HKD 122,700 after he purchased 520,000 common shares on June 14 at an average price of HKD 0.236 per share. Following the purchase, Cai Guanming now holds a total of 71,392,100 shares, representing a shareholding percentage increase from 9.51% to 9.58%.
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.