According to documents disclosed by the Hong Kong Stock Exchange on June 26, Cao Chunmeng increased his shareholding on June 21 at an average price of HKD 0.1535 per share.$ISP GLOBAL (08487.HK)$He bought 78,000 common shares worth about HKD 12,000. After the increase, Cao Chunmeng's latest shareholding is 111 million shares, and the warehouse-to-warehouse ratio has increased from 10.58% to 10.59%.
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.