On June 19th, according to the documents disclosed by the Hong Kong Stock Exchange, Ma Kun increased his shareholding off-market at an average price of HKD 0.186 per share on June 18th.$ZIJING INTL FIN (08340.HK)$He purchased 4.3 million ordinary shares with a value of approximately HKD 799,800. After the increase, Ma Kun's latest shareholding increased from 2.46% to 7.25%, with a total of 6.50 million shares.
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.