According to the documents disclosed by the Hong Kong Stock Exchange on June 19, Huang Longde increased his shareholding on June 14 with an average price of HK$1.01 per share. He bought 112,000 shares of common stock, worth approximately HK$113,100. After the increase, the latest number of Huang Longde's shares held is 1.07 million shares, and his warehouse ratio has risen from 0.14% to 0.16%.$WATER OASIS GP (01161.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.