According to the documents disclosed by Hong Kong Stock Exchange on June 19th, LOFTY KEY LIMITED increased its shareholding on June 17th at an average price of HKD 0.025 per share, purchasing 710,000 ordinary shares worth about HKD 17,800. After the increase, LOFTY KEY LIMITED's latest shareholdings are 2.522 billion shares, and the share ratio of the good warehouse has increased from 28.22% to 28.23%.$CHI PEOPLE HOLD (00681.HK)$
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.