On June 27, according to documents disclosed by the Hong Kong Stock Exchange, Robert Hinman Getz increased his shareholding on June 21 at an average price of HKD 92.0 per share.$TECHTRONIC IND (00669.HK)$He bought 5,000 ordinary shares for approximately HKD 460,000. After the increase, Robert Hinman Getz now holds 304,700 shares, which account for 0.02% of the outstanding shares.
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.