According to documents disclosed by the Hong Kong Stock Exchange on June 19th, Liu Jiren increased his shareholding on June 17th at an average price of HKD 1.0069 per share.$NEUSOFT XIKANG (09686.HK)$He purchased 40,000 shares of common stock with a value of approximately HKD 40,300. After the shareholding increase, Liu Jiren's latest shareholding number is 169 million shares, and the warehouse ratio is 20.02%.
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.