According to documents disclosed by the Hong Kong Stock Exchange on June 26, Zheng Jiachun increased his shareholding in Chow Tai Fook Jewellery Group Limited by purchasing 1.5682 million shares at an average price of HKD 8.5706 per share on June 24, with a total value of approximately HKD 13.4404 million. After the increase, Zheng Jiachun's latest shareholding in the associated entity is 10.7556 million shares, and the shareholding ratio has increased from 0.09% to 0.11%.$NWS HOLDINGS (00659.HK)$After the increase, Zheng Jiachun's latest shareholding in the associated entity is 10.7556 million shares, and the shareholding ratio has increased from 0.09% to 0.11%.
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.