According to documents disclosed by the Hong Kong Stock Exchange on June 24th, Zhang Songqiao increased his shareholding in The Cross-Harbour (Holdings) Limited to HKD 7.2 per share on June 18th. He purchased 4,000 shares of common stock, valued at approximately HKD 28,800. After the shareholding increase, Zhang Songqiao's latest shareholding in the company is 273 million shares, with a good warehouse ratio of 73.18%.$C C LAND (01224.HK)$The Cross-Harbour (Holdings) Limited held 4,000 ordinary shares valued at approximately HKD 28,800, which were purchased by Zhang Songqiao at an average price of HKD 7.2 per share on June 18th. After the increase, Zhang Songqiao's shareholding in the company is 273 million shares, with a warehouse ratio of 73.18%.
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.