According to the documents disclosed by the Hong Kong Stock Exchange on June 20th, LOFTY KEY LIMITED increased its shareholding on June 18th at an average price of HK$0.025 per share, with a total value of approximately HK$15,000 for 600,000 ordinary shares. After the increase, the latest number of shares held by LOFTY KEY LIMITED is 2.523 billion shares, and the warehouse ratio has increased from 28.23% to 28.24% .$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.