According to the documents disclosed by the Hong Kong Stock Exchange on June 27th, Creative Brocade International Limited increased their shareholding by buying 7,200 ordinary shares at an average price of HKD 10.2667 per share on June 26th. After the transaction, Creative Brocade International Limited now holds 162 million shares, accounting for 36.46% of the outstanding shares.$YEAHKA (09923.HK)$There are other related parties involved in this trade, including Liu Yingqi, Brocade Creation Investment Limited, Cantrust (Far East) Limited, Luo Haiying, and Brocade Creation Limited.
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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.