According to documents disclosed by the Hong Kong Stock Exchange on June 20th, Treasure Sea Limited increased its shareholding on June 20th at an average price of HKD 7.0817 per share. $CMS (00867.HK)$It purchased 1 million ordinary shares, worth about HKD 7.0817 million. After increasing its shareholding, Treasure Sea Limited's latest total shares are 1.158 billion shares and the shareholding proportion increased from 47.41% to 47.45%.
This transaction involves other related parties: Lin Gang.
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.