According to the documents disclosed by Hong Kong Exchanges and Clearing Limited on June 25, Cai Guanming increased his shareholding on June 21 at an average price of HKD 0.2309 per share, with a total value of approximately HKD 98,100 for 425,000 ordinary shares. After the increase, Cai Guanming's latest shareholding number is 72.221 million shares, and the proportion of the good warehouse has increased from 9.64% to 9.70%.$SUNWAH KINGSWAY (00188.HK)$After purchasing 425,000 ordinary shares at an average price of HKD 0.2309 per share on June 21, Cai Guanming's latest shareholding number is 72.221 million shares, and the proportion of the good warehouse has increased from 9.64% to 9.70%.
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.