According to the documents disclosed by the Hong Kong Stock Exchange on June 21, Huang Jianye increased his shareholding on June 20 at an average price of HK$0.103 per share.$LEGEND UPSTAR (00459.HK)$He acquired 40,000 ordinary shares, worth about HK$4,120. After the acquisition, Huang Jianye's latest shareholding is 1.122 billion shares, with a holding rate of 62.16%.
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.