According to documents disclosed by the Hong Kong Stock Exchange on June 21, Huang Jianye increased his shareholding on June 17 at an average price of 0.103 Hong Kong dollars per share, purchasing 120,000 shares of common stock with a total value of approximately 12,400 Hong Kong dollars. After the increase, Huang Jianye's latest shareholding number is 1.122 billion shares, and the warehouse ratio has risen from 62.15% to 62.16%.$LEGEND UPSTAR (00459.HK)$The value of Huang Jianye's 120,000 ordinary stock shares he purchased on June 17th is approximately HKD 12,400. After the purchase, the number of shares Huang Jianye holds has increased to 1.122 billion shares, and his warehouse ratio has increased from 62.15% to 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.