According to documents disclosed by the Hong Kong Stock Exchange on June 26, Huang Longde increased his shareholding on June 20 at an average price of HKD 0.98 per share.$WATER OASIS GP (01161.HK)$Huang Longde increased his shareholding by 100,000 ordinary shares valued at approximately HKD 98,000. After the increase, Huang Longde's latest shareholding was 1.202 million shares, and the warehouse ratio increased from 0.16% to 0.18%.
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.