According to documents disclosed by the Hong Kong Stock Exchange on June 25th, Zheng Jiachun increased his shareholding on June 21st at an average price of HKD 8.8794 per share.$NWS HOLDINGS (00659.HK)$In a joint venture with Chow Tai Fook Jewellery Group Limited, Zheng Jiachun increased his shareholding by 2.1262 million shares, worth approximately HKD 18.8794 million. After the share increase, Zheng Jiachun currently holds 9.1874 million shares and his warehouse ratio has increased from 0.07% to 0.09%.
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.