On June 20, according to documents disclosed by the Hong Kong Stock Exchange, Cao Chunmeng increased his shareholding on June 14 at an average price of HKD 0.1531 per share.$ISP GLOBAL (08487.HK)$He purchased 86,000 ordinary shares with a value of approximately HKD 13,200. After the transaction, Cao Chunmeng now owns 111 million shares, and his holding ratio has increased from 10.57% to 10.58%.
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.