On June 21st, according to documents disclosed by the Hong Kong Stock Exchange, Tian Zhiwei increased his shareholding by 1.32 Hong Kong dollars per share on June 5th.$ZYY (08223.HK)$He bought 15 million common shares with a value of approximately 19.8 million Hong Kong dollars. After the shareholding increase, Tian Zhiwei's latest number of shares held is 15 million, and his position in the warehouse has risen from 0.00% to 3.48%.
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.