According to the documents disclosed by the Hong Kong Stock Exchange on June 21, Alba Holdings Limited increased its shareholding on June 19 at an average price of HKD 4.89 per share.$LIU CHONG HING (00194.HK)$Alba Holdings Limited acquired 276,000 common stock shares worth approximately HKD 1.3496 million. After the increase, Alba Holdings Limited's latest shareholding was 87.7423 million shares, and the warehouse ratio increased from 23.10% to 23.18%.
This transaction involves other related parties: Liao Liezhi.
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.