Reported on June 26th, according to the documents disclosed by Hong Kong Stock Exchange on June 26th, Lv Yujian increased his shareholding by an average of HKD 2.08 per share on June 24th.$LEGENDARY EDU (08195.HK)$He purchased 26,700 shares of common stock with a value of about HKD 55,000. After the increase, Lv Yujian's latest shareholding was 63.0123 million shares, and the good warehouse ratio rose from 15.97% to 14.24%.
Supplementary information: share optionWhy did the shareholder increase their holdings, but the shareholding ratio decreased?
This may be because the listed company issued new shares and increased capital, resulting in the dilution of the shareholder's shareholding ratio.
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.