On June 24, according to the documents disclosed by the Hong Kong Stock Exchange, Zhang Songqiao increased his shareholding in The Cross-Harbour (Holdings) Limited on June 19 at an average price of HKD 7.2 per share. He purchased 2,000 shares of common stock with a value of about HKD 14,400. After the increase, Zhang Songqiao's latest shareholding in the affiliated group is 273 million shares, with a holding ratio of 73.18%.$C C LAND (01224.HK)$The Cross-Harbour (Holdings) Limited owns 2,000 shares of common stock valued at approximately HKD 14,400. After the increase, Zhang Songqiao holds 273 million shares of the affiliated group, with a holding ratio of 73.18%.
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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.