According to the document disclosed by Hong Kong Stock Exchange on June 26, Qian Xueming increased shareholding on June 24 at an average price of HKD 1.433 per share.$TRANSCENTA-B (06628.HK)$Qian Xueming bought 10,000 shares of common stock at a value of about HKD 14,300 on June 24. After the shareholding increase, Qian Xueming's latest shareholding amount is 36.571 million shares, and the warehouse ratio is 8.38%.
Supplementary information: Box 28 represents (i) 400,000 shares for the options granted under the Share Incentive Plan on December 19, 2022; (ii) 4,277,188 shares to be issued upon vesting of the share award under the Share Incentive Plan on January 26, 2023; and (iii) 3,641,024 shares to be subscribed upon full exercise of the option.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.