According to the documents disclosed by the Hong Kong Stock Exchange on June 27th, G-Resources Group Limited increased its shareholding to an average price of HKD 2.0 per share on June 25th.$HENGTOU SEC (01476.HK)$The company G-Resources Group Limited bought 7 million H-shares with a value of approximately HKD 14 million on June 25th. After the purchase, the latest number of shares held by G-Resources Group Limited increased from 109 million shares to 111 million shares, and the percentage of outstanding shares increased from 22.93% to 24.49%.
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.