Chow Tai Fook (01929.HK) received increased shareholding of 2,253,800 ordinary shares from Zheng Jiachun, with a value of approximately HKD 19,828,900.

Futu News ·  Jun 19 17:04

According to the documents disclosed by the Hong Kong Stock Exchange on June 19th, Zheng Jiachun increased his shareholding on June 18th at an average price of HKD 8.798 per share. He acquired 2.2538 million ordinary shares, worth approximately HKD 19.8289 million. After the increase, Zheng Jiachun's new shareholding increased to 3.0594 million shares, and the shareholding ratio of the warehouse increased from 0.01% to 0.03%.$CHOW TAI FOOK (01929.HK)$He purchased 2.2538 million common shares, valued at approximately HKD 19.8289 million. After the purchase, Zheng Jiachun currently owns 3.0594 million common shares, with a warehouse ratio increased from 0.01% to 0.03%.


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.

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