On June 26th, it was reported that Lin Yongxi had increased his shareholding on June 20th at an average price of HKD 5.28 per share according to documents disclosed by the Hong Kong Stock Exchange.$KOWLOON DEV (00034.HK)$He increased his shareholding by 5,000 ordinary shares, worth about HKD 26,400. After the increase, Lin Yongxi's latest shareholding was 15,000 shares, with a good warehouse ratio of 0.00%.
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.