According to documents disclosed by the Hong Kong Stock Exchange on June 24th, Liu Jiren increased his shareholding on June 20th at an average price of HKD 1.0017 per share for a total of 14,500 shares, worth approximately HKD 14,500. After the increase, Liu Jiren's latest number of shares held is 169 million, with a warehouse ratio of 20.06%.$NEUSOFT XIKANG (09686.HK)$HKEXAutoNews_DA20240624E00051.png
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.