According to the documents disclosed by the Hong Kong Stock Exchange on June 21, Leon Cornerstone Investment Holding Limited increased its shareholding on June 18 at an average price of HKD 1.4352 per share. $LEON INSPECTION (01586.HK)$They acquired 168,000 ordinary shares worth approximately HKD 241,100. After the increase, Leon Cornerstone Investment Holding Limited's latest number of shares held is 198 million shares, and the warehouse-to-warehouse ratio has increased from 36.47% to 36.50%.
This transaction involves other related parties: Li Xiangli.
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.